Evercore analyst Michael Montani maintains $Five Below (FIVE.US)$ with a hold rating, and adjusts the target price from $95 to $125.
According to TipRanks data, the analyst has a success rate of 60.8% and a total average return of 2.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Five Below (FIVE.US)$'s main analysts recently are as follows:
Five Below reported a better-than-expected Q3 and raised its FY24 guidance. However, there is no clear path to sustainable positive comps, and there remains margin risk from further deleverage and potential tariffs.
The company's management has observed a solid start to the holiday season, which supports the guidance for Q4 same-store sales.
It is difficult not to hold a more positive perspective on Five Below, especially given the significant acceleration of its Q3 comparable store sales. This rebound is unexpected and indicates enhancements in execution. If this perspective holds true, the momentum should be sustainable.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.