Jefferies Starts Five Below (FIVE) at Buy; Unique Growth Gets 'High Five'
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Price: $38.92 -1.24%
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
3 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade FIVE Now!
Jefferies initiates coverage on Five Below (NASDAQ: FIVE) with a Buy. PT $40.00.
Analyst, Daniel Binder, said, "We are upbeat on Five Below and believe it has a long runway for profitable store growth in the coming years. Thus far management has executed its low-cost, low-price value strategy well, and as Five Below gains scale we believe the product and value proposition will continue to grow stronger. We believe it is uniquely positioned to benefit in a soft economic environment, much like other value focused retailers such as dollar stores."
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 $32.71 yesterday, with a 52 week range of $25.00-$33.97.
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Analyst, Daniel Binder, said, "We are upbeat on Five Below and believe it has a long runway for profitable store growth in the coming years. Thus far management has executed its low-cost, low-price value strategy well, and as Five Below gains scale we believe the product and value proposition will continue to grow stronger. We believe it is uniquely positioned to benefit in a soft economic environment, much like other value focused retailers such as dollar stores."
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 $32.71 yesterday, with a 52 week range of $25.00-$33.97.
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