Baron Financials ETF on Ollie's Bargain Outlet
Thesis
Baird re-established a position in Ollie's Bargain Outlet during the quarter. The fund believes new merchandising leadership should improve execution and operating performance. Recent retail bankruptcies have also created a more favorable competitive environment for the value retailer.
“new merchandising leadership and a more favorable competitive backdrop following recent retail bankruptcies should support stronger operating performance”