BofA analyst Lorraine Hutchinson raised the firm’s price target on Five Below (FIVE) to $78 from $75 and keeps an Underperform rating on the shares after the company pre-announced Q1 results that were above expectations. While the firm is raising its FY25 and FY26 EPS estimates by 6% and 3%, respectively, to reflect the improved outlook, it retains an Underperform rating as BofA finds it difficult to argue for multiple expansion with declining FY25 EPS and flattish FY26 EPS, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FIVE:
- Five Below price target raised to $80 from $57 at JPMorgan
- Five Below Raises Q1 2025 Financial Outlook
- Five Below raises Q1 adjusted EPS view 82c-84c from 50c-61c, consensus 57c
- Five Below executive chair Tom Vellios to transition into advisory role
- Mizuho specialty retail analysts hold analyst/industry conference call