The Vetr crowd downgraded their rating for Five Below Inc FIVE on Friday, from 5 stars (Strong Buy), issued 21 days ago, to 4 stars (Buy). Crowd sentiment at the time of the downgrade was generally positive, with 71 percent of Vetr user ratings bullish.
Five Below released a very positive Q4 earnings report two days before the downgrade, edging out its revenue estimate by $440,000 and beating its EPS estimate by a cent. The report boosted the stock by more than 12 percent.
Adding to the market's bullishness on the retailer was Five Below's announcement that it plans to expand into California by the end of the quarter.
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Currently, the Vetr crowd's average target price for Five Below is up at $46.09, which is about a couple dollars shy of the average analyst target price of $48.06. Less than 2 percent of Vetr users are holding $FIVE in their watch lists.
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