Five Below, Inc. (FIVE) Receives Average Recommendation of “Buy” from Brokerages
Shares of Five Below, Inc. (NASDAQ:FIVE) have been given a consensus rating of “Buy” by the twenty ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $55.66.
A number of equities analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Five Below in a research report on Friday. They issued an “outperform” rating and a $65.00 target price on the stock. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Jefferies Group LLC restated a “buy” rating and issued a $52.00 price objective on shares of Five Below in a research report 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 price objective on the stock in a research report on Wednesday, August 23rd. Finally, Loop Capital set a $60.00 price objective on shares of Five Below and gave the company a “buy” rating in a research report on Monday, August 28th.
In other Five Below news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the sale, the insider now directly owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.22% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in FIVE. First Mercantile Trust Co. increased its holdings in Five Below by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 40 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Five Below in the second quarter worth $205,000. Strs Ohio increased its stake in shares of Five Below by 40.0% in the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after purchasing an additional 1,200 shares in the last quarter. Miles Capital Inc. purchased a new stake in shares of Five Below in the second quarter worth $210,000. Finally, Riverhead Capital Management LLC increased its stake in shares of Five Below by 73.2% in the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 1,829 shares in the last quarter.
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Five Below (NASDAQ FIVE) traded up $0.11 during midday trading on Friday, hitting $57.01. 1,071,199 shares of the stock were exchanged, compared to its average volume of 816,707. Five Below has a 52 week low of $35.03 and a 52 week high of $58.07. The company has a market cap of $3,146.95, a P/E ratio of 39.32, a P/E/G ratio of 1.20 and a beta of 0.80.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping 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 firm’s revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. equities research analysts forecast that Five Below will post 1.66 EPS for the current year.
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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