Opinions
Jim Cramer - Mad Money
Ollie's Bargain Outlet Holdings, Inc.
OLLI-Q
BUY
Dec 11, 2024
$113.505
Stock price when the opinion was issued
Consumer Products
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BUY
He was wrong to get cold feet with this, but the entire segment (i.e. Dollar Tree) is doing well.
Consumer Products
This bargain outlet typically lags TJX stock. They got hit very badly during the pandemic by 70% from its 2021 highs in 2022. But yesterday it charged 13% after a strong earnings report. Now, they're in the same league as TJX. Their quarter boasted strong margins, beating profits. While their beats appear modest, remember that two big hurricanes last October impacted business. The company says they saw strong demand for consumables like cleaning supplies, food and candy, as well as furniture and outdoor living. They had a good Black Friday. They plan to open 10% more stores annually. Even after this run, shares look attractive.