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Is Ollie's Bargain Outlet Holdings (OLLI) Stock Outpacing Its Consumer Staples Peers This Year?

Zacks Equity Research
Updated
Mutual Fund Report for PGOFX

Investors focused on the Consumer Staples space have likely heard of Ollie's Bargain Outlet Holdings (OLLI), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.

Ollie's Bargain Outlet Holdings is a member of the Consumer Staples sector. This group includes 177 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. OLLI is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for OLLI's full-year earnings has moved 3.45% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, OLLI has returned 39.25% so far this year. Meanwhile, stocks in the Consumer Staples group have lost about 9.93% on average. This means that Ollie's Bargain Outlet Holdings is performing better than its sector in terms of year-to-date returns.

To break things down more, OLLI belongs to the Consumer Products - Staples industry, a group that includes 10 individual companies and currently sits at #109 in the Zacks Industry Rank. On average, this group has lost an average of 11.45% so far this year, meaning that OLLI is performing better in terms of year-to-date returns.

Investors with an interest in Consumer Staples stocks should continue to track OLLI. The stock will be looking to continue its solid performance.


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Ollie's Bargain Outlet Holdings, Inc. (OLLI) : Free Stock Analysis Report
 
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Zacks Investment Research