Market Overview

UPDATE: Goldman Sachs Group Reiterates Neutral Rating, Raises PT on Five Below

Share:
Related
Lululemon Stands Out At Retail's Biggest Conference
Loop Capital: Any Guidance Cut Related Weakness In Five Below Presents Buying Opportunity

In a report published Friday, Goldman Sachs Group reiterated its Neutral rating on Five Below (NASDAQ: FIVE), and raised its price target from $35.00 to $37.00.

Goldman Sachs noted, “FIVE reported adjusted EPS of $0.03, exceeding GS/consensus of $0.01 and above guidance for $0.00-$0.01. The $0.02 beat relative to our estimate was driven by above-plan sales (8.8% vs. guidance of 4.0% and our 5.5% estimate) coupled with better corresponding leverage in gross margin and SG&A. Management raised FY12 guidance to $0.47-$0.49 on a 7.0% comp as it flowed through the 3Q beat. Despite a negative impact from Hurricane Sandy, management guided to a 4% 4Q comp and EPS of $0.35-$0.37 as it expects to recover as the holiday period progresses.”

Five Below closed on Thursday at $31.39.

Latest Ratings for FIVE

DateFirmActionFromTo
Dec 2016Loop CapitalInitiates Coverage OnBuy
Oct 2016Longbow ResearchInitiates Coverage OnBuy
Oct 2016KeyBancInitiates Coverage OnOverweight

View More Analyst Ratings for FIVE
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (FIVE)

View Comments and Join the Discussion!