Five Below price target raised to $190 from $175 at Loop Capital

Loop Capital analyst Anthony Chukumba raised the firm’s price target on Five Below to $190 from $175 but keeps a Hold rating on the shares based on valuation. The company Q4 results ended a "challenging" FY22 on a high note, with better-than-expected comparable sales growth , significant operating margin expansion, and a slight beat to consensus earnings expectations, the analyst tells investors in a research note. The firm adds that while the FY22 guidance range was fairly wide, this was to be expected given the lingering U.S. macroeconomic uncertainty.