Deutsche Bank Reiterates a 'Buy' on Five Below (FIVE); Raising Estimates on Strong Q2
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Price: $244.54 +1.17%
Rating Summary:
27 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
27 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank reiterates a 'Buy' on Five Below (NASDAQ: FIVE) price target of $40.00.
Deutsche analyst said, "While it will be debated if the quarter was "enough" with the stock at current levels, we think the combination of: (1) very strong SSS of 8.6% (93% traffic driven; all 8 worlds/geographies/store classes consistent); (2) solid NSP of ~91%; (3) EBIT margin growth of 100 bps YOY to 7.2% (ex. 1x items), and (4) a $0.03 EPS beat – was very respectable."
"Equally, if not more important, the company’s guidance for 3Q implies a strong
start (we think 7-8% comps) and guidance for 4Q (FIVE generates ~40% of sales)
of ~4% should be more than achievable."
Deutsche Bank sees Q3 EPS at $0.01 and raises Q4 to $0.38.
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 $34.80 yesterday.
Deutsche analyst said, "While it will be debated if the quarter was "enough" with the stock at current levels, we think the combination of: (1) very strong SSS of 8.6% (93% traffic driven; all 8 worlds/geographies/store classes consistent); (2) solid NSP of ~91%; (3) EBIT margin growth of 100 bps YOY to 7.2% (ex. 1x items), and (4) a $0.03 EPS beat – was very respectable."
"Equally, if not more important, the company’s guidance for 3Q implies a strong
start (we think 7-8% comps) and guidance for 4Q (FIVE generates ~40% of sales)
of ~4% should be more than achievable."
Deutsche Bank sees Q3 EPS at $0.01 and raises Q4 to $0.38.
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 $34.80 yesterday.
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