Five Below Receives Average Rating of “Buy” from Analysts (NASDAQ:FIVE)
Shares of Five Below (NASDAQ:FIVE) have received a consensus rating of “Buy” from the fifteen brokerages that are presently covering the company, Analyst RN reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $50.35.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of Five Below in a research note on Wednesday, June 25th. They set an “equal weight” rating and a $41.00 price target on the stock. Separately, analysts at Wedbush initiated coverage on shares of Five Below in a research note on Tuesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Five Below from a “hold” rating to a “sell” rating in a research note on Friday, June 6th.
Five Below (NASDAQ:FIVE) traded down 0.37% during mid-day trading on Wednesday, hitting $35.30. 101,650 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 $37.53 and its 200-day moving average is $38.31. The company has a market cap of $1.916 billion and a price-to-earnings ratio of 57.33.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data 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. Analysts expect that Five Below will post $0.90 EPS for the current fiscal year.
In other Five Below news, Chairman David Schlessinger sold 100,000 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $37.24, for a total value of $3,724,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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