UBS noted Five Below reported strong holiday sales, which pushed its earnings guidance to the higher end of its range. The firm feels the results have positioned the company to pick up steam in early 2016, noting that new store productivity remains impressive and implied margins indicate strong expansion. UBS reiterated its Buy rating and raised its price target to $40 from $39 on Five Below shares.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here