Five Below Inc Reaches New 12-Month High at $49.94 (FIVE)
Five Below (NASDAQ:FIVE)’s share price reached a new 52-week high during trading on Friday, AnalystRatingsNetwork.com reports. The stock traded as high as $49.94 and last traded at $49.88, with a volume of 1,249,153 shares traded. The stock had previously closed at $47.50.
Several analysts have recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Five Below from $47.00 to $57.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Separately, 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, October 3rd. They now have a $56.00 price target on the stock, up previously from $44.00. Finally, analysts at Sterne Agee raised their price target on shares of Five Below from $39.00 to $44.00 in a research note to investors on Tuesday, September 10th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.39.
Five Below has a 52-week low of $27.73 and a 52-week high of $49.68. The stock has a 50-day moving average of $44.36 and a 200-day moving average of $39.34. The company has a market cap of $2.670 billion and a P/E ratio of 100.00.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data 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 in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. On average, analysts predict that Five Below will post $0.72 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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