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Goldman Sachs Reiterates Neutral Rating, $37 PT on Five Below

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

Goldman Sachs noted, “FIVE raised its 4Q12 adjusted EPS guidance to $0.36-$0.38 from prior $0.35-$0.37, vs. GSe and consensus of $0.38. In addition, the company reiterated its 4Q comp guidance of 4% and raised its total revenue guidance to $169-$172mn from prior $167-$170mn. Concurrent with this business update, the company announced a proposed secondary public offering of 7mn shares, which will be sold entirely by existing shareholders.”

Five Below closed on Tuesday at $31.83.

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 Reiteration Analyst Ratings

 

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