Five Below, Inc. (FIVE) Receives Average Rating of “Buy” from Brokerages
Five Below, Inc. (NASDAQ:FIVE) has been given a consensus rating of “Buy” by the twenty-one brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $54.15.
A number of research firms have recently issued reports on FIVE. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Five Below in a research note on Tuesday, September 12th. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, September 7th. Buckingham Research restated a “buy” rating and set a $62.00 target price on shares of Five Below in a research note on Friday, September 1st. Finally, Deutsche Bank AG restated a “hold” rating and set a $54.00 target price (up previously from $53.00) on shares of Five Below in a research note on Thursday, August 31st.
In other Five Below news, insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total value of $7,860,049.49. Following the transaction, the insider now directly owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.92% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its holdings in Five Below by 9.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock valued at $12,041,000 after buying an additional 25,041 shares during the period. Legal & General Group Plc increased its holdings in Five Below by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 106,198 shares of the specialty retailer’s stock valued at $5,239,000 after buying an additional 11,110 shares during the period. Gotham Asset Management LLC bought a new position in Five Below in the 1st quarter valued at about $1,321,000. Quantitative Systematic Strategies LLC increased its holdings in Five Below by 91.4% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock valued at $562,000 after buying an additional 5,584 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Five Below by 82.4% in the 2nd quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock valued at $8,685,000 after buying an additional 79,480 shares during the period.
Five Below (FIVE) traded down 0.37% on Wednesday, reaching $55.98. 577,464 shares of the company’s stock were exchanged. The firm has a market cap of $3.09 billion, a PE ratio of 38.66 and a beta of 0.90. Five Below has a 12 month low of $35.03 and a 12 month high of $57.65. The firm’s 50-day moving average is $51.55 and its 200-day moving average is $49.28.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $283.30 million during the quarter, compared to the consensus estimate of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The company’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, equities analysts forecast that Five Below will post $1.67 earnings per share for the current year.
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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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