On Dec 06, major Wall Street analysts update their ratings for $Five Below (FIVE.US)$, with price targets ranging from $88 to $150.
Morgan Stanley analyst Simeon Gutman maintains with a hold rating, and adjusts the target price from $100 to $120.
BofA Securities analyst Melanie Nunez maintains with a sell rating, and adjusts the target price from $75 to $88.
Citi analyst Paul Lejuez maintains with a hold rating, and adjusts the target price from $96 to $125.
UBS analyst Michael Lasser maintains with a buy rating, and adjusts the target price from $108 to $150.
Wells Fargo analyst Edward Kelly maintains with a buy rating, and adjusts the target price from $115 to $135.
Furthermore, according to the comprehensive report, the opinions of $Five Below (FIVE.US)$'s main analysts recently are as follows:
Five Below reported stronger than expected results for Q3 and increased its FY24 guidance. However, there remains uncertainty regarding the ability to consistently achieve positive comparable store sales, and there are concerns about margin pressures from possible further deleverage and potential tariffs.
Support for the company's Q4 same-store-sales guidance is supported by management's observation that the holiday season has commenced on a solid note.
The significant acceleration in Five Below's Q3 comparable sales is difficult to overlook, highlighting what appears to be a notable improvement in execution. This rebound, indeed surprising, suggests that the momentum could be sustainable.
The company exhibited a 'relatively clean quarter,' showing a notable improvement in performance compared to Q2. There remains some volatility, including in Q4 sales and margins, but the trajectory suggests that Five Below is navigating towards a more stable direction compared to three months earlier.
The company's Q3 results significantly exceeded expectations, marked by a considerable sequential rise in comparable sales growth, expansion in operating margins, and a substantial earnings outperformance relative to the consensus forecast. Analysts were impressed by Five Below's swift actions to address recent challenges, suggesting these might represent a temporary setback rather than a fundamental threat.
Here are the latest investment ratings and price targets for $Five Below (FIVE.US)$ from 13 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
