BofA analyst Robert Ohmes raised the firm’s price target on Five Below (FIVE) to $305 from $260 and keeps a Buy rating on the shares after Q4 EPS of $4.31 beat BofA and Street estimates on 15.4% comp growth that also beat the firm’s and Street’s forecasts. The firm raised calendar year 2027 EPS estimates as it believes Five’s key merchant led initiatives and marketing initiatives under new leadership should drive traffic, the analyst tells investors.
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Read More on FIVE:
- Five Below price target raised to $260 from $220 at Wells Fargo
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