Investors focused on the Consumer Staples space have likely heard of Ollie's Bargain Outlet Holdings (OLLI - Free Report) , 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.
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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Consumer Staples space have likely heard of Ollie's Bargain Outlet Holdings (OLLI - Free Report) , 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.
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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on OLLI - FREE