Five Below price target raised to $261 from $236 at Truist

Truist raised the firm’s price target on Five Below (FIVE) to $261 from $236 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s current business may have accelerated due to the current dumpling craze, overall trends remain extremely broad-based across categories, geographies and vintages and equally from ticket and transactions, the analyst tells investors in a research note. Changes in product values, in-store merchandising, added labor, and the push into social media/influencers are fueling this growth, and the firm believes there could still be significant upward earnings revisions for Five Below, Truist adds.