Form 8-K FIVE BELOW, INC For: Jul 15

Go back to Form 8-K FIVE BELOW, INC For: Jul 15

Five Below (FIVE) PT Lowered to $124 at Goldman Sachs

July 17, 2024 5:49 AM EDT

Goldman Sachs analyst Kate McShane lowered the price target on Five Below (NASDAQ: FIVE) to $124.00 (from $163.00) while maintaining a Buy rating.

The analyst comments "We are lowering our estimates for FIVE after the company's Q2 pre-announcement. The company also announced that its... More

Five Below (FIVE) PT Lowered to $115 at Wells Fargo

July 17, 2024 5:39 AM EDT

Wells Fargo analyst Edward Kelly lowered the price target on Five Below (NASDAQ: FIVE) to $115.00 (from $145.00) while maintaining a Overweight rating.

The analyst comments "Remain Overweight: We are certainly disappointed with today's news, as we think it confirms there is no quick fix,... More

Five Below (FIVE) PT Lowered to $125 at Guggenheim

July 17, 2024 5:37 AM EDT

Guggenheim analyst John Heinbockel lowered the price target on Five Below (NASDAQ: FIVE) to $125.00 (from $165.00) while maintaining a Buy rating.

The analyst comments "An already challenging 2024 has worsened with a further weakening of comps in July accompanied by the departure of long-time CEO... More

Evercore ISI Downgrades Five Below (FIVE) to In Line

July 17, 2024 5:36 AM EDT

Evercore ISI analyst Michael Montani downgraded Five Below (NASDAQ: FIVE) from Outperform to In Line with a price target of $113.00 (from $160.00).

The analyst comments "We are downgrading FIVE to In Line concurrent with the announcement that President & CEO Joel Anderson is leaving the company, and its 2Q guide down. Five has lost sight... More

Five Below (FIVE) PT Lowered to $104 at BofA Securities

July 17, 2024 5:18 AM EDT

BofA Securities analyst Melanie Nunez lowered the price target on Five Below (NASDAQ: FIVE) to $104.00 (from $125.00) while maintaining a Neutral rating.

The analyst comments "FIVE announced weaker than expected quarter-to-date results (10 weeks through July 13th) of sales +9.5% and comps -5%. The... More

Five Below (FIVE) PT Lowered to $120 at Telsey

July 17, 2024 5:07 AM EDT

Telsey analyst Joseph Feldman lowered the price target on Five Below (NASDAQ: FIVE) to $120.00 (from $155.00) while maintaining a Outperform rating.

The analyst comments "CEO Departure: After the markets closed on Tuesday, July 16, Five Below announced CEO Joel Anderson stepped down and COO... More

Citi Downgrades Five Below (FIVE) to Neutral

July 17, 2024 5:01 AM EDT

Citi analyst Paul Lejuez downgraded Five Below (NASDAQ: FIVE) from Buy to Neutral with a price target of $92.00 (from $175.00).

The analyst comments "We are downgrading FIVE from Buy to Neutral and lowering our TP from $175 to $92 following FIVEs announcement that CEO... More

Truist Securities Downgrades Five Below (FIVE) to Hold

July 17, 2024 4:59 AM EDT

Truist Securities analyst Scot Ciccarelli downgraded Five Below (NASDAQ: FIVE) from Buy to Hold with a price target of $89.00 (from $136.00).

The analyst comments "What happened Five Below announced that Kenneth Bull (COO and former CFO) is taking over as interim President and CEO, and Tom Vellios (Co-Founder, Non-Executive Chairman, and former CEO) is taking over as interim Executive Chairman. Joel Anderson has stepped down from all of his positions and the Board is conducting a search for a permanent replacement. In addition, the company provided QTD results for the 10 wks through July 13 - comps... More