KeyBanc Starts Five Below (FIVE) at Overweight

October 12, 2016 4:26 PM EDT
Get Alerts FIVE Hot Sheet
Price: $36.66 -1.43%

Rating Summary:
    13 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 28 | New: 38
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KeyBanc initiated coverage on Five Below (NASDAQ: FIVE) with an Overweight rating and a price target of $47. Analyst Bradley B. Thomas sees the company as a growth story.

"FIVE is an attractive store expansion story, complemented by its fun, valuepriced merchandise, exciting shopping experience, and insulation from online competition. FIVE’s growth profile is among the strongest in our coverage, positioned to drive 20%+ EPS growth through 2020. While valuation (30x our 2016 estimate) is admittedly expensive, we believe the recent pullback provides an opportunity for investors to add to or build a position in FIVE (with shares -25% since July 26 vs. -1% for the S&P 500)," said Thomas.

For an analyst ratings summary and ratings history on Five Below click here. For more ratings news on Five Below click here.

Shares of Five Below closed at $39.00 yesterday.

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