In a report released today, Kate McShane from Goldman Sachs maintained a Buy rating on Five Below (FIVE – Research Report), with a price target of $102.00.
Kate McShane’s rating is based on several positive indicators for Five Below. The company reported a fourth-quarter adjusted EPS of $3.48, surpassing both Goldman Sachs and consensus estimates. Despite a 3% decrease in comparable store sales, overall sales rose by 4% to $1.39 billion, showcasing resilience in a challenging retail environment.
Additionally, management’s guidance for FY25, while acknowledging potential tariff-related margin pressures, includes strategies to counteract these through pricing and vendor adjustments. The consumer base remains robust with stable spending patterns, and Five Below’s new merchandising strategies and pricing adjustments are expected to enhance product offerings and drive growth. These factors collectively support the Buy rating.
In another report released today, UBS also maintained a Buy rating on the stock with a $110.00 price target.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIVE in relation to earlier this year.
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