Ollies Bargain Outlet (OLLI) is one of those rare treasure hunt retail experiences that continue to thrive. The company has recently been growing its revenues by 25% and earnings by 41% each year and the runway for growth appears long.

Ollies has been increasing store count by 15% a year and, with only 270 stores in 20 states, expects that to continue for years. This year its entering Rhode Island, Louisiana and Arkansas and is targeting a total store count of 950.

Goldman Sachs has just initiated coverage with a “Buy” rating. I would agree that trailing PE of 35 looks well justified given historic earnings growth of 41% and strong prospects.

This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.

https://www.fool.com/investing/2018/04/10/3-reasons-to-love-ollies-bargain-outlets-fourth-qu.aspx

Submitted May 18, 2018 at 02:35PM by InterestingNews1 https://ift.tt/2rSk3p3