Jim Cramer Discussed These 11 Restaurants and Retail Stocks

9. Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Number of Hedge Fund Holders: 32

Recounting stocks that bargain hunters love, Cramer mentioned Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) and said:

“They found Ollie’s Bargain Outlet and… they’ve got so many people volunteering for that army. Any officer or grunt can get outstanding, outstanding prices from closeouts.”

Ollie’s Bargain Outlet (NASDAQ:OLLI) is a retailer specializing in a wide variety of brand-name products. During its third-quarter earnings call, management highlighted that current market trends, such as consumers’ increased demand for value and suppliers’ need for larger partners, have been beneficial for the company. The company’s core approach is to provide quality name-brand items at prices typically 20% to 70% lower than those found in more upscale retailers.

John Swygert, Chief Executive Officer said, “Anyone can sell cheap products but we’re all about real brands, real bargains. This has been our value proposition from day 1 and continues to be our competitive moat.” Management also emphasized the company’s long-standing expertise in the closeout business, with over 42 years of experience in offering customers excellent value.

Ollie’s Bargain Outlet (NASDAQ:OLLI) thrives in times of disruption, and management noted that possible tariffs can present an opportunity for further closeout deals. With some traditional retailers potentially priced out of certain goods due to increased tariffs, Ollie’s is well-positioned to acquire these products at bargain prices, allowing it to maintain its competitive edge as a price follower in the retail industry.