Five Below Coverage Initiated by Analysts at Wedbush (FIVE)
Investment analysts at Wedbush assumed coverage on shares of Five Below (NASDAQ:FIVE) in a note issued to investors on Tuesday. The firm set an “outperform” rating and a $44.00 price target on the stock. Wedbush’s target price indicates a potential upside of 16.71% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Five Below in a research note on Thursday, June 5th. They now have a $49.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $51.13.
Shares of Five Below (NASDAQ:FIVE) traded up 3.29% on Tuesday, hitting $37.70. The stock had a trading volume of 1,220,004 shares. Five Below has a 1-year low of $33.94 and a 1-year high of $55.28. The stock’s 50-day moving average is $37.2 and its 200-day moving average is $39.29. The company has a market cap of $2.046 billion and a P/E ratio of 59.06.
Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 4th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 31.8% on a year-over-year basis. On average, analysts predict that Five Below will post $0.90 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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