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Is Ollie's Bargain Outlet Holdings (OLLI) Outperforming Other Consumer Staples Stocks This Year?

Zacks Equity Research
Updated
HPT vs. HCP: Which Stock Is the Better Value Option?

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has Ollie's Bargain Outlet Holdings (OLLI) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Ollie's Bargain Outlet Holdings is one of 176 individual stocks in the Consumer Staples sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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).

Over the past 90 days, the Zacks Consensus Estimate for OLLI's full-year earnings has moved 2.66% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Our latest available data shows that OLLI has returned about 75.02% since the start of the calendar year. At the same time, Consumer Staples stocks have lost an average of 8.23%. This means that Ollie's Bargain Outlet Holdings is outperforming the sector as a whole this year.

To break things down more, OLLI belongs to the Consumer Products - Staples industry, a group that includes 9 individual companies and currently sits at #222 in the Zacks Industry Rank. On average, stocks in this group have lost 3.59% this year, meaning that OLLI is performing better in terms of year-to-date returns.

Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to OLLI as it looks 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