Five Below Inc. (FIVE) Now Covered by Citigroup Inc.
Equities research analysts at Citigroup Inc. assumed coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a research report issued on Tuesday. The firm set a “buy” rating on the stock.
A number of other equities research analysts also recently weighed in on FIVE. RBC Capital Markets reaffirmed an “outperform” rating and issued a $54.00 target price (up previously from $53.00) on shares of Five Below in a report on Thursday, September 1st. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Friday, July 15th. Royal Bank Of Canada raised their target price on Five Below from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 target price (up previously from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. Finally, BTIG Research assumed coverage on Five Below in a report on Tuesday, August 23rd. They issued a “neutral” rating on the stock. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.50.
Shares of Five Below (NASDAQ:FIVE) opened at 39.51 on Tuesday. Five Below has a 12-month low of $26.95 and a 12-month high of $52.70. The company has a market cap of $2.17 billion, a P/E ratio of 34.69 and a beta of 0.99. The company has a 50-day moving average price of $42.51 and a 200-day moving average price of $43.77.
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Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $220.13 million for the quarter, compared to the consensus estimate of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. On average, analysts predict that Five Below will post $1.32 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Five Below by 121.7% in the first quarter. Barclays PLC now owns 31,751 shares of the company’s stock valued at $1,301,000 after buying an additional 17,428 shares during the period. Envestnet Asset Management Inc. increased its stake in Five Below by 30.5% in the first quarter. Envestnet Asset Management Inc. now owns 65,360 shares of the company’s stock valued at $2,702,000 after buying an additional 15,289 shares during the period. Geode Capital Management LLC raised its position in shares of Five Below by 4.8% in the first quarter. Geode Capital Management LLC now owns 366,210 shares of the company’s stock valued at $15,138,000 after buying an additional 16,800 shares in the last quarter. Riverhead Capital Management LLC bought a new position in shares of Five Below during the first quarter valued at about $291,000. Finally, Quadrature Capital Ltd raised its position in shares of Five Below by 110.5% in the first quarter. Quadrature Capital Ltd now owns 48,092 shares of the company’s stock valued at $1,988,000 after buying an additional 25,244 shares in the last quarter.
Five Below Company Profile
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company’s product groups include leisure, fashion and home, and party and snack.
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