Five Below price target lowered to $125 from $140 at Guggenheim

Guggenheim lowered the firm’s price target on Five Below (FIVE) to $125 from $140 and keeps a Buy rating on the shares. The initial constructive reaction to the Q4 print, with shares up 10% plus after-hours, likely reflects relief related to a de-risking of 2025 expectations amid significant tariff uncertainty, the analyst tells investors in a research note. The outlook is much lower than the firm anticipated, embedding 100 basis points of unmitigated tariff margin pressure, primarily in the second half of the year.