Five Below Inc (FIVE) Receives Buy Rating from Guggenheim
Five Below Inc (NASDAQ:FIVE)‘s stock had its “buy” rating reaffirmed by investment analysts at Guggenheim in a research note issued on Monday. They currently have a $52.00 price target on the stock. Guggenheim’s target price would indicate a potential upside of 32.92% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Wednesday, February 1st. Vetr upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating and set a $44.08 price target for the company in a report on Thursday, February 23rd. Loop Capital restated a “buy” rating and issued a $54.00 price target on shares of Five Below in a report on Friday. Cantor Fitzgerald restated a “buy” rating on shares of Five Below in a report on Friday, December 9th. Finally, Barclays PLC restated an “equal weight” rating and issued a $42.00 price target on shares of Five Below in a report on Tuesday, November 29th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $47.50.
Five Below (NASDAQ:FIVE) traded down 0.51% during trading on Monday, reaching $39.12. 1,390,045 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $38.96 and a 200 day moving average price of $39.81. Five Below has a 52 week low of $35.03 and a 52 week high of $52.70. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 33.78 and a beta of 1.02.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/five-below-inc-five-receives-buy-rating-from-guggenheim.html
Your IP Address:
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Five Below during the fourth quarter valued at approximately $16,879,000. Thrivent Financial for Lutherans raised its position in Five Below by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,700 shares of the company’s stock valued at $1,187,000 after buying an additional 1,690 shares during the period. Independent Advisor Alliance purchased a new position in Five Below during the fourth quarter valued at approximately $120,000. Teachers Retirement System of The State of Kentucky raised its position in Five Below by 6.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 43,149 shares of the company’s stock valued at $1,724,000 after buying an additional 2,520 shares during the period. Finally, Congress Asset Management Co. MA purchased a new position in Five Below during the fourth quarter valued at approximately $517,000.
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.
Receive News & Ratings for Five Below Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc and related companies with MarketBeat.com's FREE daily email newsletter.