Five Below Upgraded to “Neutral” at MKM Partners (FIVE)
Five Below (NASDAQ:FIVE) was upgraded by research analysts at MKM Partners from a “sell” rating to a “neutral” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $41.00 price target on the stock, up from their previous price target of $33.00. MKM Partners’ target price would indicate a potential downside of 0.10% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at UBS AG upgraded shares of Five Below (NASDAQ:FIVE) from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $45.00 price target on the stock, up previously from $39.00. Separately, analysts at Northland Securities upgraded shares of Five Below (NASDAQ:FIVE) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $98.00 price target on the stock, up previously from $80.00. Finally, analysts at Jefferies Group raised their price target on shares of Five Below (NASDAQ:FIVE) to $45.00 in a research note to investors on Friday, July 19th. They now have a “buy” rating on the stock.
Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Five Below currently has a consensus rating of “Hold” and an average target price of $50.94.
Shares of Five Below (NASDAQ:FIVE) traded up 17.79% during mid-day trading on Tuesday, hitting $48.34. The stock had a trading volume of 3,336,268 shares. Five Below has a 52 week low of $27.73 and a 52 week high of $43.04. The stock has a 50-day moving average of $38.49 and a 200-day moving average of $38.. The company’s market cap is $2.612 billion.
Five Below (NASDAQ:FIVE) last announced its earnings results on Monday, September 9th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $117.10 million for the quarter, compared to the consensus estimate of $112.70 million. During the same quarter last year, the company posted $0.04 earnings per share. Five Below’s revenue was up 34.9% compared to the same quarter last year. On average, analysts predict that Five Below will post $0.69 earnings per share for the current fiscal year.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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