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UPDATE: Goldman Sachs Initiates Five Below at Neutral with $35 PT

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Goldman Sachs initiated its coverage on Five Below (NASDAQ: FIVE) with a Neutral rating and a price target of $35.

Goldman Sachs noted, "FIVE's differentiated business model should power compelling runway as it grows from 215 stores to 2000 stores nationally. We expect 30%-35% annual EPS growth driven by 25% unit growth, mid-single-digit comp growth and EBIT margin expansion of 100-200 bp over next three years. This opportunity has not gone unnoticed by the market as the current valuation of 50X FY13E EPS suggests robust expectations."

Five Below closed at $32.71 on Friday.

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 SachsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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