Ollie's Bargain Outlet saw an improvement in its IBD SmartSelect Composite Rating Friday, from 88 to 97.
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The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Ollie's Bargain Outlet is now out of buy range after clearing the 119.76 buy point in a consolidation.
One weak spot is the company's 70 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 27% earnings growth. That marks two straight quarters of rising EPS performance. Revenue growth climbed 17%, up from 13% in the prior quarter. That marks two quarters of rising growth.
Ollie's Bargain Outlet earns the No. 3 rank among its peers in the Retail-Discount & Variety industry group. Five Below is the No. 1-ranked stock within the group.
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