Discount, Variety Stores Stocks under Scanner -- Costco Wholesale, Burlington Stores, Ollie's Bargain Outlet, and Big Lots

NEW YORK, January 9, 2017 /PRNewswire/ --

Today's attention is directed to the Discount Variety Stores space which retails general merchandise such as apparel, automotive parts, dry goods, hardware, groceries, and home furnishings. Typically, companies retail these goods at discounted prices. The industry does not include department stores, warehouse clubs, or grocery stores. Pre-market, Stock-Callers.com has issued trade alerts on Costco Wholesale Corp. (NASDAQ: COST), Burlington Stores Inc. (NYSE: BURL), Ollie's Bargain Outlet Holdings Inc. (NASDAQ: OLLI), and Big Lots Inc. (NYSE: BIG). You can access our complimentary research reports on these stocks now at:

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Costco Wholesale

Washington-based Costco Wholesale Corp.'s stock saw a slight drop of 0.05%, finishing last Friday's trading session at $162.83. A total volume of 2.17 million shares was traded. The Company's shares have gained 7.83% in the last month, 9.27% over the previous three months, and 1.70% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.80% and 5.27%, respectively. Additionally, shares of Costco Wholesale, which together with its subsidiaries, operates membership warehouses, have a Relative Strength Index (RSI) of 68.97.

On January 04^th, 2017, Costco Wholesale reported net sales of $13.07 billion for the month of December the five weeks ended January 01^st, 2017, an increase of 5% from $12.46 billion during the similar period last year. For the eighteen weeks ended January 01^st, 2017, the Company reported net sales of $43.18 billion, an increase of 4% from $41.66 billion during the similar period last year.

On January 05^th, 2017, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $170 a share to $180 a share. Visit us today and download your complete report on COST for free at:

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Burlington Stores

Shares in New Jersey-based Burlington Stores Inc. ended at $85.35, down 2.04% from the last trading session. The stock recorded a trading volume of 1.12 million shares. The Company's shares have advanced 6.71% in the previous three months and 0.71% since the start of this year. The stock is trading 4.13% and 18.70% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Burlington Stores, which operates as a retailer of branded apparel products in the US, have an RSI of 52.05.

On December 09^th, 2016, Burlington Stores announced that Frank Cooper, III resigned from the Board of Directors, effective December 05^th, 2016. Mr. Cooper has joined BlackRock, Inc., and in his new position will not be serving on public company's boards. He had joined Burlington's Board of Directors in September 2014.

On January 06^th, 2017, research firm Wedbush initiated an 'Outperform' rating on the Company's stock, with a target price of $107 per share. The complimentary research report on BURL can be accessed at:

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Ollie's Bargain Outlet

On Friday, shares in Pennsylvania headquartered Ollie's Bargain Outlet Holdings Inc. recorded a trading volume of 500,533 shares. The stock declined 1.59%, closing the day at $27.85. The Company's shares have gained 3.53% in the previous three months. The stock is trading 5.06% above its 200-day moving average. Additionally, shares of Ollie's Bargain Outlet Holdings, which operates as a merchandise retailer of various brand name products, have an RSI of 40.61.

On December 07^th, 2016, Ollie's announced that net sales increased 15.7% to $202.0 million in Q3 2016 from $174.6 million in Q3 2015. The Company opened 16 stores in the reported quarter and ended the quarter with 232 stores compared to 200 stores at the end of Q3 2015. The Company's operating income increased 33.8% to $18.6 million in Q3 2016 from $13.9 million in Q3 2015. Ollie's net income surged 54.7% to $10.5 million, or $0.17 per diluted share, in Q3 2016 from $6.8 million, or $0.11 per diluted share, in Q3 2015. Register for free on Stock-Callers.com and download the PDF research report on OLLI at:

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Big Lots

At the close, shares in Ohio headquartered Big Lots Inc. recorded a trading volume of 1.17 million shares, which was above their three months average volume of 968,450 shares. The stock finished the session 0.79% lower at $49.19. The Company's shares have gained 5.33% in the previous three months. The stock is trading above its 200-day moving average by 0.87%. Furthermore, shares of Big Lots, which through its subsidiaries, operates as a non-traditional, discount retailer in the US, have an RSI of 41.61.

As per a SEC filing dated December 07^th, 2016, David J. Campisi, Big Lots' President and CEO, entered into a 10b5-1 Plan on December 07^th, 2016, providing for a third-party broker to sell common shares of the Company that Mr. Campisi may acquire if stock units awarded Mr. Campisi are vest, which is anticipated to occur in March of 2017. Get free access to your research report on BIG at:

http://stock-callers.com/registration/?symbol=BIG

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