UBS increased its price target on Ollie's Bargain Outlet (NASDAQ: OLLI) to $141 from $140, while maintaining a Neutral rating.

The analyst said Ollie's appeared to continue executing well in the third quarter amid a favorable macro backdrop for closeout retailers. UBS estimated same-store sales growth of 4.0%, matching consensus and roughly in line with guidance of around 3%, though trailing the buy-side's higher expectations of about 5%.

UBS noted that such performance would represent a 730-basis-point sequential slowdown on a two-year stack and an 820-basis-point deceleration on a three-year basis. Still, the firm said the three-year stack would remain 40-80 bps above Ollie's results from Q1 2025 and Q4 2024. By contrast, Q2 2025 was skewed by unusual boosts from the company's Ollie's Days event, which contributed approximately 100 bps to same-store sales, as well as the retailer's decision to hold a second Ollie's Army Night event.