Five Below Receives Average Rating of “Buy” from Analysts (NASDAQ:FIVE)
Shares of Five Below (NASDAQ:FIVE) have earned a consensus rating of “Buy” from the fifteen analysts that are covering the company, Analyst Ratings Net reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $50.35.
Shares of Five Below (NASDAQ:FIVE) opened at 35.70 on Wednesday. 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 $37.51 and its 200-day moving average is $38.21. The company has a market cap of $1.937 billion and a P/E ratio of 55.99.
Five Below (NASDAQ:FIVE) last released its earnings data on Wednesday, June 4th. 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 $126.00 million for the quarter, compared to the consensus estimate of $121.91 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter 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.
A number of research firms have recently commented on FIVE. 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.
In other Five Below news, Chairman David Schlessinger sold 100,000 shares of the stock on the open market in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $37.24, for a total value of $3,724,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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