Five Below, Inc. (FIVE) Rating Reiterated by Loop Capital
Five Below, Inc. (NASDAQ:FIVE)‘s stock had its “buy” rating restated by analysts at Loop Capital in a report released on Friday. They presently have a $60.00 price target on the specialty retailer’s stock. Loop Capital’s target price suggests a potential upside of 25.00% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Gordon Haskett started coverage on Five Below in a report on Tuesday, May 9th. They issued an “accumulate” rating and a $57.00 price target for the company. Vetr raised Five Below from a “hold” rating to a “buy” rating and set a $47.56 price target for the company in a report on Tuesday, April 18th. MKM Partners reaffirmed a “buy” rating and issued a $51.00 price target (down previously from $54.00) on shares of Five Below in a report on Thursday, March 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Five Below in a report on Thursday, March 23rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $52.00 price target on shares of Five Below in a report on Monday, March 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.85.
Shares of Five Below (NASDAQ FIVE) traded up 3.23% during midday trading on Friday, reaching $49.55. The company had a trading volume of 384,266 shares. Five Below has a 1-year low of $35.03 and a 1-year high of $54.13. The firm’s 50 day moving average price is $50.69 and its 200-day moving average price is $44.00. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 37.28 and a beta of 0.95.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $232.90 million during the quarter, compared to analysts’ expectations of $230.75 million. Five Below had a return on equity of 24.02% and a net margin of 7.06%. Five Below’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. Equities research analysts expect that Five Below will post $1.64 EPS for the current fiscal year.
In other news, CFO Kenneth R. Bull sold 17,300 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the sale, the chief financial officer now directly owns 76,544 shares in the company, valued at $4,125,721.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.22% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky raised its stake in Five Below by 5.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 45,384 shares of the specialty retailer’s stock worth $1,965,000 after buying an additional 2,235 shares during the period. Bank of Nova Scotia bought a new stake in Five Below during the first quarter worth about $4,851,000. Tudor Investment Corp ET AL bought a new stake in Five Below during the first quarter worth about $276,000. Paloma Partners Management Co raised its stake in Five Below by 25.0% in the first quarter. Paloma Partners Management Co now owns 41,879 shares of the specialty retailer’s stock worth $1,814,000 after buying an additional 8,380 shares during the period. Finally, Gotham Asset Management LLC bought a new stake in Five Below during the first quarter worth about $1,321,000.
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. Its product groups include leisure, fashion and home, and party and snack.
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