Ollie's Bargain Outlet shares have fallen nearly 26% over the past year, significantly underperforming discount retail peers Ross Stores, Burlington, and TJX Companies, even as the company continues to beat earnings expectations. The company reported first-quarter earnings of 91 cents per share, topping estimates by 4 cents, but revenue of roughly $659 million missed expectations by about $2.7 million. Comparable-store sales rose 1.7% and gross margin expanded 80 basis points to 41.9%, while the company opened 27 new stores and repurchased $53 million in stock. Ollie's tweaked its full-year outlook, lowering net sales guidance to a range of $2.98 billion to $3.0 billion while raising adjusted diluted earnings per share guidance to $4.45 to $4.55. Seventeen analysts hold a consensus Moderate Buy rating with an average 12-month price target of roughly $125, implying more than 40% upside from recent levels around $85.
Ollie's Bargain Outlet HldgStock underperformed peers despite earnings beats; revenue miss and lowered net sales guidance.
Burlington Stores Inc
Ross Stores Inc
The TJX Companies Inc