In a report published Friday, Deutsche Bank analyst Paul Trussell reiterated a Buy rating on Five Below Inc. FIVE, but lowered the price target from $42.00 to $39.00.
In the report, Deutsche Bank noted, "Although we suspect 1Q is off to a soft start due to weather and West Coast port issues, we do not sense reduced customer excitement around FIVE's business concept, and believe SSS had accelerated to ~MSD in the weeks immediately following Holiday not impacted by snow storms. We believe sq. footage growth and a re-tooled Holiday assortment will drive growth this year. Valuation still appears compelling to us at 24.3x our FY16 EPS estimate vs. our expectation for ~24% EPS growth over the next few years."
Five Below closed on Thursday at $31.37.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in