BofA raised the firm’s price target on Five Below (FIVE) to $93 from $78 and keeps an Underperform rating on the shares. Five Below’s Q1 EPS beat was driven by better sales and gross margin, while management raised guidance for fiscal 2025 sales, comps, and the low end of EPS as higher sales in the first half are being offset by cost pressures, the analyst tells investors in a research note. BofA finds it “difficult” to argue for multiple expansion from here with declining FY25 EPS and flattish fiscal 2026 EPS.
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