Ollie’s Stock Reached All-Time High Before Falling Sharply, Is There An Upside?

Ollie’s Stock Reached All-Time High Before Falling Sharply, Is There An Upside?

Despite a spectacular 170% rise since the March lows of this year, at the current price of around $93 per share, we believe Ollie's Bargain Outlet Holdings' stock (NASDAQ: OLLI), a discount retail chain company, looks attractive and it could offer more upside from the current levels. The retailer's stock dropped 17% after reaching an all-time high of $113 post Q2 results, but its financials were strong, and the current trends also look good for the upcoming Q3. Ollie's business has undoubtedly benefited from coronavirus stimulus, but the investors got nervous about the fact that strong Q2 results might not replicate in the coming quarters. However, we believe that Ollie's business model, backed by a solid Q2, can likely prove to be a long-term growth engine. The company is almost