MKM Partners Reiterates Buy on Five Below (FIVE) After Meeting with Management

September 12, 2016 10:39 AM EDT
Get Alerts FIVE Hot Sheet
Price: $37.32 -0.43%

Rating Summary:
    14 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 7
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MKM Partners reiterated a Buy rating and $60.00 price target on Five Below (NASDAQ: FIVE) after meeting with management. MKM said that they were particularly impressed by Chief Merchant Michael Romanko and believe he and his team have been instrumental in keeping Five's strong momentum going.

Analyst Patrick McKeever commented, "We toured Five's Chestnut Street store and met with executive management at corporate headquarters Friday. We came away incrementally bullish on the company's merchant team, its plans for holiday 2016, and the longerterm 20% footage, mid-20% EPS growth opportunity. The stock has fallen 22% since hitting a three-year high of $52.70 in late July (SPX down 2%) and currently trades at 25.7x our 2017 EPS estimate vs. the four-year median of 40.9x. We see a very good Buying opportunity."

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 $41.35 yesterday.

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