Guggenheim analyst John Heinbockel raised the firm’s price target on Five Below to $210 from $200 and keeps a Buy rating on the shares. The company’s update is "often the highlight" of the ICR conference, but "this year it held no surprises," Heinbockel said. The 10-week holiday comp of 0.9% came in at the high end of guidance and in line with his estimate, while EPS is projected at the high end of guidance, consistent with his own $4.65 forecast, stated Heinbockel, who cites greater near-term earnings visibility for his target raise.
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