Oppenheimer analyst Brian Nagel initiated coverage with a Buy rating on Five Below Inc (FIVE) today and set a price target of $140. The company’s shares opened today at $117.60.
Nagel commented:
“We are launching coverage of Five Below (FIVE) with a rating of 12-18-month price target of $140. By most accounts, the domestic retail landscape is mature and increasingly disrupted, as a proliferation of eCommerce and other digital technologies has empowered consumers and upended historical competitive parameters. FIVE has thwarted and is likely to continue to thwart unfavorable trends within the sector. It operates a unique and defensible small-store format and enjoys significant opportunity for further, outsized unit expansion, for the foreseeable future. Improving brand recognition and a superior merchandising acumen position FIVE to capture share as other, less well-positioned operators falter. In our view, investors are apt to continue to pay up for industry-leading sales and EPS growth prospects.”
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 7.7% and a 60.9% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Capri Holdings Limited, and Advance Auto Parts.
Five Below Inc has an analyst consensus of Moderate Buy, with a price target consensus of $129.25.
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Based on Five Below Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $13.52 million. In comparison, last year the company had a net profit of $67.38 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.
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Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.
