Buckingham Kelly Crago raised Five Below's price target to $115 from $78 following "impressive" Q1 comps of 3.2%, versus her estimate of 3.5%. Crago said comps held up nicely despite unfavorable weather and recommends investors add to positions given strong performance over the last four quarters. The company guided Q2 comps to flat, despite an extremely difficult comparison due to fidget spinners, demonstrating the flexibility the company has to offset negative headwinds, the analyst wrote. Crago is incrementally more bullish on Buy rated Five Belo's long-term opportunity to drive 20%+ earnings growth for the foreseeable future.

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