Five Below hirings increase confidence in outlook, says Guggenheim Gugenheim is more confident in Five Below's outlook after the company hired former Walmart.com (WMT) CEO Joel Anderson as its President and named Eric Specter CAO. The firm thinks the company's appointments significantly increased its ability to sustain consistently strong growth. It reiterates a $57 price target and Buy rating on the shares.
Checks on Five Below encouraging, says Sterne Agee Sterne Agee believes that Five Below's iPhone 6 accessories and Frozen merchandise should help cushion the blow from the one year anniversary of its successful rainbow loom program. The firm expects the company's Q3 SSS to beat expectations and keeps a Buy rating on the shares.