Five Below rises after Citi lifts PT on tariff mitigation

Shares of discount chain Five Below FIVE.O up 6.8% at $114.53

Citi raises PT to $121 from $80

Believe FIVE is in a solid position to navigate second half of 2025 and mitigate at least 50% of the tariff headwind through vendor negotiations, production movement and pricing - Citi

Brokerage says investors are more optimistic on retailers' ability to mitigate tariff headwinds, leading many to see upside to FIVE's current fiscal 2025 forecast

Eight of 22 brokerages rate the stock "buy" or higher, 13 "hold" and one "sell"; their median PT is $100, according to data compiled by LSEG

As of last close, FIVE has risen 202% YTD