Five Below Inc (FIVE) Earns Buy Rating from Dougherty & Co
Five Below Inc (NASDAQ:FIVE)‘s stock had its “buy” rating restated by Dougherty & Co in a research report issued on Friday.
Other equities research analysts have also recently issued reports about the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $53.00 price objective (up from $48.00) on shares of Five Below in a research report on Tuesday, May 30th. Vetr cut shares of Five Below from a “hold” rating to a “sell” rating and set a $47.56 price objective on the stock. in a research report on Wednesday, April 26th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Tuesday, May 23rd. BTIG Research reaffirmed a “neutral” rating on shares of Five Below in a research report on Saturday, June 3rd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $60.00 price objective (up from $54.00) on shares of Five Below in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $53.74.
Five Below (NASDAQ:FIVE) traded down 1.09% during trading on Friday, hitting $47.33. 402,542 shares of the stock were exchanged. The firm has a market capitalization of $2.61 billion, a PE ratio of 35.61 and a beta of 0.94. Five Below has a 12-month low of $35.03 and a 12-month high of $54.13. The stock has a 50 day moving average price of $47.97 and a 200-day moving average price of $45.91.
Five Below (NASDAQ:FIVE) last announced 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 for the quarter, compared to analysts’ expectations of $230.75 million. Five Below had a net margin of 3.60% and a return on equity of 9.96%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. On average, equities research analysts anticipate that Five Below will post $1.64 earnings per share for the current fiscal year.
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In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the sale, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.22% of the company’s stock.
A number of large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after buying an additional 6,800,982 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Five Below by 73,572.2% in the third quarter. Victory Capital Management Inc. now owns 1,465,341 shares of the specialty retailer’s stock valued at $59,038,000 after buying an additional 1,463,352 shares during the period. Janus Capital Management acquired a new stake in shares of Five Below during the third quarter valued at approximately $27,624,000. Oak Ridge Investments LLC acquired a new stake in shares of Five Below during the third quarter valued at approximately $31,174,000. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Five Below during the first quarter valued at approximately $31,188,000.
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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