Five Below Inc. (FIVE) Coverage Initiated by Analysts at KeyCorp
Equities research analysts at KeyCorp began coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a research note issued to investors on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the stock.
A number of other research analysts also recently issued reports on FIVE. RBC Capital Markets restated an “outperform” rating and issued a $54.00 price target (up from $53.00) on shares of Five Below in a research report on Thursday, September 1st. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, July 15th. Royal Bank Of Canada raised their price target on shares of Five Below from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, September 1st. Citigroup Inc. began coverage on shares of Five Below in a research report on Tuesday. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Deutsche Bank AG restated a “hold” rating and issued a $46.00 price target (up from $39.00) on shares of Five Below in a research report on Tuesday, August 2nd. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.67.
Five Below (NASDAQ:FIVE) traded down 0.28% during mid-day trading on Wednesday, reaching $38.89. 801,488 shares of the company were exchanged. The company’s 50 day moving average price is $42.30 and its 200-day moving average price is $43.73. The stock has a market capitalization of $2.13 billion, a P/E ratio of 34.14 and a beta of 0.99. Five Below has a 12 month low of $26.95 and a 12 month high of $52.70.
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Five Below (NASDAQ:FIVE) last posted 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. Five Below had a net margin of 6.93% and a return on equity of 26.01%. The company had revenue of $220.13 million for the quarter, compared to the consensus estimate of $219.60 million. During the same period last year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities analysts expect that Five Below will post $1.32 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. FineMark National Bank & Trust boosted its stake in Five Below by 10.1% in the second quarter. FineMark National Bank & Trust now owns 2,621 shares of the company’s stock valued at $122,000 after buying an additional 240 shares in the last quarter. Fortaleza Asset Management Inc. bought a new stake in Five Below during the second quarter valued at approximately $129,000. Huntington National Bank boosted its stake in Five Below by 5.4% in the second quarter. Huntington National Bank now owns 3,107 shares of the company’s stock valued at $144,000 after buying an additional 158 shares in the last quarter. Advisor Group Inc. bought a new stake in Five Below during the second quarter valued at approximately $182,000. Finally, Tower Research Capital LLC TRC boosted its stake in Five Below by 240.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the company’s stock valued at $189,000 after buying an additional 2,891 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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