Five Below’s “Buy” Rating Reaffirmed at Deutsche Bank (FIVE)
Five Below (NASDAQ:FIVE)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Thursday. They currently have a $49.00 price objective on the stock. Deutsche Bank’s price target would indicate a potential upside of 34.14% from the stock’s previous close.
Five Below (NASDAQ:FIVE) traded down 4.08% during mid-day trading on Thursday, hitting $35.04. 3,983,906 shares of the company’s stock traded hands. Five Below has a one year low of $33.94 and a one year high of $55.28. The stock’s 50-day moving average is $37.75 and its 200-day moving average is $40.26. The company has a market cap of $1.899 billion and a price-to-earnings ratio of 61.92.
Five Below (NASDAQ:FIVE) last released its earnings data on Wednesday, June 4th. 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 $126.00 million for the quarter, compared to the consensus estimate of $121.91 million. During the same quarter last year, the company posted $0.05 earnings per share. Five Below’s revenue was up 31.8% compared to the same quarter last year. Analysts expect that Five Below will post $0.89 EPS for the current fiscal year.
A number of other firms have also recently commented on FIVE. Analysts at TheStreet upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th. Separately, analysts at Barclays raised their price target on shares of Five Below from $45.00 to $48.00 in a research note on Thursday, March 27th. They now have an “overweight” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Five Below from $38.00 to $39.00 in a research note on Wednesday, March 26th. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Five Below has an average rating of “Buy” and a consensus target price of $51.78.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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