Five Below Faces Price Target Cuts By Analysts Following Q2 Results

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Five Below, Inc. FIVE reported downbeat results for its second quarter on Wednesday.

The company said it sees Q3 earnings of $0.08 to $0.19 per share and sales of $600 million to $619 million.

Five Below shares rose 3.4% to $132.20 in pre-market trading.

Several analysts made changes to their price targets on Five Below today.

  • Keybanc cut the price target on the stock from $190 to $172. Keybanc analyst Bradley Thoma maintained an Overweight rating on the stock.
  • Telsey Advisory Group lowered price target on the stock from $158 to $150. Telsey Advisory Group analyst Joseph Feldman maintained Five Below with an Outperform.
  • Citigroup reduced the price target on the stock from $187 to $170. Citigroup analyst Paul Lejuez maintained the stock with a Buy.
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