Five Below Inc. (FIVE) Research Coverage Started at KeyCorp
Stock analysts at KeyCorp started coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a note issued to investors on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the stock.
Several other equities research analysts have also commented on FIVE. RBC Capital Markets restated an “outperform” rating and issued a $54.00 price objective (up from $53.00) on shares of Five Below in a research note on Thursday, September 1st. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, July 15th. Royal Bank Of Canada upped their price objective on Five Below from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, September 1st. Citigroup Inc. began coverage on Five Below in a research note on Tuesday. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Deutsche Bank AG restated a “hold” rating and issued a $46.00 price objective (up from $39.00) on shares of Five Below in a research note on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Five Below presently has an average rating of “Buy” and a consensus price target of $47.67.
Five Below (NASDAQ:FIVE) traded down 0.28% during midday trading on Wednesday, reaching $38.89. The company had a trading volume of 800,966 shares. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 34.14 and a beta of 0.99. The firm has a 50-day moving average price of $42.30 and a 200-day moving average price of $43.73. Five Below has a 52 week low of $26.95 and a 52 week high of $52.70.
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Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business earned $220.13 million during the quarter, compared to analyst estimates of $219.60 million. Five Below had a net margin of 6.93% and a return on equity of 26.01%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Analysts expect that Five Below will post $1.32 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Five Below by 6.7% in the second quarter. Vanguard Group Inc. now owns 4,320,333 shares of the company’s stock worth $200,507,000 after buying an additional 272,191 shares during the period. BlackRock Fund Advisors raised its stake in Five Below by 2.3% in the second quarter. BlackRock Fund Advisors now owns 3,494,211 shares of the company’s stock worth $162,166,000 after buying an additional 78,584 shares during the period. Capital Research Global Investors raised its stake in Five Below by 2.7% in the second quarter. Capital Research Global Investors now owns 2,746,220 shares of the company’s stock worth $127,452,000 after buying an additional 72,000 shares during the period. Janus Capital Management LLC raised its stake in Five Below by 1.5% in the second quarter. Janus Capital Management LLC now owns 1,587,416 shares of the company’s stock worth $73,672,000 after buying an additional 24,179 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Five Below by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,363,274 shares of the company’s stock worth $56,358,000 after buying an additional 31,684 shares during the period.
About Five Below
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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