Truist Securities Downgrades Five Below (FIVE) to Hold

Deutsche Bank Downgrades Five Below (FIVE) to Hold

Deutsche 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

JPMorgan 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

Goldman 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

Wells 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

Guggenheim 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

Evercore 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

BofA 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

Telsey 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

Citi 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

William Blair Downgrades Five Below (FIVE) to Market Perform

(Updated - July 17, 2024 7:15 AM EDT)

William Blair analyst Daniel Hofkin downgraded Five Below (NASDAQ: FIVE) from Outperform to Market Perform.

The analyst comments "Five Below announced that Joel Anderson will step down as CEO, effective immediately,to pursue other opportunities without providing further context. Ken Bull, current COO and prior CFO, will assume... More

Morgan Stanley Downgrades Five Below (FIVE) to Equalweight

Morgan Stanley analyst Simeon Gutman downgraded Five Below (NASDAQ: FIVE) from Overweight to Equalweight with a price target of $100.00 (from $160.00).

The analyst comments: "We are downgrading FIVE from OW to EW and lowering our PT to $100 from $160. Our OW thesis was based on... More

Five Below (FIVE) PT Lowered to $115 at KeyBanc

(Updated - July 17, 2024 9:19 AM EDT)

KeyBanc analyst Bradley Thomas lowered the price target on Five Below (NASDAQ: FIVE) to $115.00 (from $165.00) while maintaining a Overweight rating.

The analyst commented, "After the close, FIVE unexpectedly announced a CEO transition, which we believe... More

Five Below slumps in afterhours on Q2 guidance miss, CEO steps down

Investing.com -- Five Below slumped in afterhours trading Tuesday after discount retailer announced that its CEO Joel Anderson had stepped down and pre-announced guidance for Q2 that fell short of estimates. 

Five Below Inc... More

After-hours movers: Five Below, J.B. Hunt, Interactive Brokers, Spirit Airlines

After-Hours Stock Movers:

Five Below (NASDAQ: FIVE) declined 9% after it announced Joel Anderson has stepped down from his roles of President and CEO. The discount retailer also disclosed that comparable sales decreased 5% quarter-to-date, and it cut its second... More

Five Below (FIVE): Joel Anderson has stepped down from his roles of President and CEO

Five Below, Inc. (NASDAQ: FIVE), the trend-right, high-quality extreme-value retailer for tweens, teens and beyond, today announced the appointment of Kenneth Bull as interim President and Chief Executive Officer (CEO), effective immediately.

Joel Anderson has stepped down from his roles of President and CEO, and from the Board of Directors, to pursue other interests. Thomas Vellios, Co-Founder, Non-Executive Chairman and former CEO, is assuming the role of Executive Chairman on an interim basis to support Mr. Bull and the executive leadership team in the transition while the Board conducts a comprehensive... More