Five Below PT Raised to $57.00 at Guggenheim (FIVE)
Guggenheim boosted their price objective on shares of Five Below (NASDAQ:FIVE) from $47.00 to $57.00 in a research note issued on Monday, AR Network reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target would indicate a potential upside of 21.82% from the stock’s previous close.
Shares of Five Below (NASDAQ:FIVE) traded down 1.20% on Monday, hitting $46.79. The stock had a trading volume of 407,421 shares. Five Below has a 1-year low of $27.73 and a 1-year high of $49.68. The stock has a 50-day moving average of $42.2 and a 200-day moving average of $39.00. The company has a market cap of $2.529 billion and a price-to-earnings ratio of 99.71.
Five Below (NASDAQ:FIVE) last released its earnings data on Monday, September 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 34.9% on a year-over-year basis.
In other Five Below news, Director Steven Collins sold 2,134 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $46.65, for a total value of $99,551.10. The transaction was disclosed in a filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee upgraded shares of Five Below from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $56.00 price target on the stock, up previously from $44.00. Finally, analysts at Jefferies Group raised their price target on shares of Five Below from $45.00 to $51.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $55.39.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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