Five Below Rating Increased to Outperform at Credit Suisse (FIVE)
Five Below (NASDAQ:FIVE) was upgraded by analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $52.00 target price on the stock, up from their previous target price of $46.00. Credit Suisse’s price objective points to a potential upside of 21.71% from the company’s current price.
The analysts wrote, “We are increasingly compelled by the combination of dollar store attributes (square footage opportunity, broad demographic appeal) and specialty retailer disciplines (ability to capture periods of heightened demand, compelling merchandise margin, attractive unit economics.) We expect sustained 25%-plus revenue growth and 30% EPS growth, suggesting an upside opportunity for 3,000 stores, $6B in revenue and $10 in EPS. We also see heightened investor appetite for growth consumer concepts, providing support for an elevated multiple. We now view this as a core growth holding.” The report further asserted: -”Target For 2,000 Stores Is Well Above That of Youth Retail Peers” -”Merchandising Team Has Ability to Capture Rents in Periods of Heightened Demand” -”Valuation Premium For Consumer Growth Has Risen”
A number of other analysts have also recently weighed in on FIVE. Analysts at Dougherty & Co raised their price target on shares of Five Below from $48.50 to $54.50 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Five Below in a research note to investors on Friday, December 6th. They now have a $54.00 price target on the stock, down previously from $58.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Five Below in a research note to investors on Friday, December 6th. They now have a $58.00 price target on the stock, down previously from $59.00. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Five Below presently has a consensus rating of “Buy” and a consensus target price of $57.94.
Five Below (NASDAQ:FIVE) opened at 42.725 on Monday. Five Below has a 52-week low of $30.82 and a 52-week high of $55.28. The stock has a 50-day moving average of $49.26 and a 200-day moving average of $43.13. The company has a market cap of $2.314 billion and a price-to-earnings ratio of 87.19.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $110.70 million for the quarter, compared to the consensus estimate of $111.78 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Analysts expect that Five Below will post $0.72 EPS for the current fiscal year.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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