Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), is not the largest company out there, but it saw a significant share price rise of 36% in the past couple of months on the NASDAQGM. The company is inching closer to its yearly highs following the recent share price climb. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, what if the stock is still a bargain? Let's take a look at Ollie's Bargain Outlet Holdings's outlook and value based on the most recent financial data to see if the opportunity still exists.

Is Ollie's Bargain Outlet Holdings Still Cheap?

According to our valuation model, Ollie's Bargain Outlet Holdings seems to be fairly priced at around 15.27% above our intrinsic value, which means if you buy Ollie's Bargain Outlet Holdings today, you'd be paying a relatively reasonable price for it. And if you believe the company's true value is $84.71, then there isn't really any room for the share price grow beyond what it's currently trading. What's more, Ollie's Bargain Outlet Holdings's share price may be more stable over time (relative to the market), as indicated by its low beta.

Can we expect growth from Ollie's Bargain Outlet Holdings?

Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. However, with a relatively muted profit growth of 5.1% expected over the next year, growth doesn't seem like a key driver for a buy decision for Ollie's Bargain Outlet Holdings, at least in the short term.

What This Means For You

Are you a shareholder? OLLI's future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?

Are you a potential investor? If you've been keeping tabs on OLLI, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

Diving deeper into the forecasts for Ollie's Bargain Outlet Holdings mentioned earlier will help you understand how analysts view the stock going forward. Luckily, you can check out what analysts are forecasting by clicking here.

If you are no longer interested in Ollie's Bargain Outlet Holdings, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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