Five Below Faces Price Target Cuts By Analysts Following Q2 Results

Five Below, Inc. FIVE reported downbeat results for its second quarter on Wednesday.

The company said it sees Q3 earnings of $0.08 to $0.19 per share and sales of $600 million to $619 million.

Five Below shares rose 3.4% to $132.20 in pre-market trading.

Several analysts made changes to their price targets on Five Below today.

• Keybanc cut the price target on the stock from $190 to $172. Keybanc analyst Bradley Thoma maintained an Overweight rating on the stock.
• Telsey Advisory Group lowered price target on the stock from $158 to $150. Telsey Advisory Group analyst Joseph Feldman maintained Five Below with an Outperform.
• Citigroup reduced the price target on the stock from $187 to $170. Citigroup analyst Paul Lejuez maintained the stock with a Buy.