Five Below Reports Higher-Than-Expected EPS as Jefferies Buys $989,000 Stake
The firm acquired 5,500 shares of Five Below valued at about $989,000, while other funds added smaller stakes in the third quarter. Five Below reported quarterly EPS of $2.22, topping analysts’ $1.77 consensus. Analysts upgraded the stock to buy or outperform and raised price targets, including Truist’s move from $265 to $273 and Bernstein’s upgrade to outperform.