Five Below slumps in afterhours on Q2 guidance miss, CEO steps down
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Deutsche Bank Downgrades Five Below (FIVE) to Hold
July 17, 2024 4:10 PM EDTDeutsche Bank analyst Paul Trussell downgraded Five Below (NASDAQ: FIVE) from Buy to Hold with a price target of $79.00 (from $155.00).
The analyst comments "We are downgrading shares of FIVE to Hold with a $79 PT given heightened uncertainty around its margin outlook and earnings power. While shares have meaningfully... More
Five Below (FIVE) PT Lowered to $87 at JPMorgan
July 17, 2024 5:51 AM EDTJPMorgan analyst Matthew Boss lowered the price target on Five Below (NASDAQ: FIVE) to $87.00 (from $122.00) while maintaining a Neutral rating.
The analyst comments "Post close, FIVE announced the appointment of Ken Bull as interim President & CEO effective immediately with Thomas Vellios, Co-Founder,... More
Five Below (FIVE) PT Lowered to $124 at Goldman Sachs
July 17, 2024 5:49 AM EDTGoldman Sachs analyst Kate McShane lowered the price target on Five Below (NASDAQ: FIVE) to $124.00 (from $163.00) while maintaining a Buy rating.
The analyst comments "We are lowering our estimates for FIVE after the company's Q2 pre-announcement. The company also announced that its... More
Five Below (FIVE) PT Lowered to $115 at Wells Fargo
July 17, 2024 5:39 AM EDTWells Fargo analyst Edward Kelly lowered the price target on Five Below (NASDAQ: FIVE) to $115.00 (from $145.00) while maintaining a Overweight rating.
The analyst comments "Remain Overweight: We are certainly disappointed with today's news, as we think it confirms there is no quick fix,... More
Five Below (FIVE) PT Lowered to $125 at Guggenheim
July 17, 2024 5:37 AM EDTGuggenheim analyst John Heinbockel lowered the price target on Five Below (NASDAQ: FIVE) to $125.00 (from $165.00) while maintaining a Buy rating.
The analyst comments "An already challenging 2024 has worsened with a further weakening of comps in July accompanied by the departure of long-time CEO... More
Evercore ISI Downgrades Five Below (FIVE) to In Line
July 17, 2024 5:36 AM EDTEvercore ISI analyst Michael Montani downgraded Five Below (NASDAQ: FIVE) from Outperform to In Line with a price target of $113.00 (from $160.00).
The analyst comments "We are downgrading FIVE to In Line concurrent with the announcement that President & CEO Joel Anderson is leaving the company, and its 2Q guide down. Five has lost sight... More
Five Below (FIVE) PT Lowered to $104 at BofA Securities
July 17, 2024 5:18 AM EDTBofA Securities analyst Melanie Nunez lowered the price target on Five Below (NASDAQ: FIVE) to $104.00 (from $125.00) while maintaining a Neutral rating.
The analyst comments "FIVE announced weaker than expected quarter-to-date results (10 weeks through July 13th) of sales +9.5% and comps -5%. The... More
Five Below (FIVE) PT Lowered to $120 at Telsey
July 17, 2024 5:07 AM EDTTelsey analyst Joseph Feldman lowered the price target on Five Below (NASDAQ: FIVE) to $120.00 (from $155.00) while maintaining a Outperform rating.
The analyst comments "CEO Departure: After the markets closed on Tuesday, July 16, Five Below announced CEO Joel Anderson stepped down and COO... More
Citi Downgrades Five Below (FIVE) to Neutral
July 17, 2024 5:01 AM EDTCiti analyst Paul Lejuez downgraded Five Below (NASDAQ: FIVE) from Buy to Neutral with a price target of $92.00 (from $175.00).
The analyst comments "We are downgrading FIVE from Buy to Neutral and lowering our TP from $175 to $92 following FIVEs announcement that CEO... More
Truist Securities Downgrades Five Below (FIVE) to Hold
July 17, 2024 4:59 AM EDTTruist Securities analyst Scot Ciccarelli downgraded Five Below (NASDAQ: FIVE) from Buy to Hold with a price target of $89.00 (from $136.00).
The analyst comments "What happened Five Below announced that Kenneth Bull (COO and former CFO) is taking over as interim President and CEO, and Tom Vellios (Co-Founder, Non-Executive Chairman, and former CEO) is taking over as interim Executive Chairman. Joel Anderson has stepped down from all of his positions and the Board is conducting a search for a permanent replacement. In addition, the company provided QTD results for the 10 wks through July 13 - comps... More
