Five Below (FIVE) Bullish Stance Reiterated at Jefferies

Jefferies reiterated a Buy rating and $48 price target on Five Below (NASDAQ: FIVE) saying they are expecting Q1 to show a good rebound.

Analyst Daniel Binder said, "Based on our field checks, we believe FIVE saw improving trends through the quarter with seasonal improving as weather broke and Easter arrived. We are increasing our Q1 comp sales estimate to the high end of guidance of 3-4%. This remains one of the best growth stories in our coverage universe and we are reiterating our Buy rating."

The firm raised FY 2014 EPS from $0.88 to $0.89

For an analyst ratings summary and ratings history on Five Below click here. For more ratings news on Five Below click here.

Shares of Five Below closed at $36.21 yesterday.

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