Buckingham Research Raises Five Below (FIVE) Price Target to $75.00

Five Below (NASDAQ:FIVE) had its price objective hoisted by investment analysts at Buckingham Research from $62.00 to $75.00 in a report released on Friday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Buckingham Research’s price objective would suggest a potential upside of 21.36% from the company’s previous close.

A number of other equities analysts have also commented on the stock. BidaskClub raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Dougherty & Co reaffirmed a “buy” rating on shares of Five Below in a research report on Friday, August 18th. Jefferies Group reaffirmed a “buy” rating and set a $62.00 price target on shares of Five Below in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, August 23rd. Finally, Loop Capital set a $60.00 price target on shares of Five Below and gave the stock a “buy” rating in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $60.97.

Five Below (FIVE) traded up $0.56 during midday trading on Friday, hitting $61.80. 3,442,800 shares of the stock were exchanged, compared to its average volume of 1,083,164. The firm has a market cap of $3,400.00, a PE ratio of 41.55, a PEG ratio of 1.27 and a beta of 0.80. Five Below has a one year low of $36.90 and a one year high of $63.33.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $257.18 million during the quarter, compared to analysts’ expectations of $246.04 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. Five Below’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. equities research analysts forecast that Five Below will post 1.66 EPS for the current fiscal year.

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.

Several institutional investors have recently made changes to their positions in FIVE. Jennison Associates LLC grew its holdings in shares of Five Below by 24.1% during the 3rd quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after purchasing an additional 412,641 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Five Below by 42.2% during the 2nd quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock valued at $38,313,000 after purchasing an additional 230,191 shares during the last quarter. OxFORD Asset Management LLP grew its holdings in shares of Five Below by 1,392.6% during the 2nd quarter. OxFORD Asset Management LLP now owns 171,371 shares of the specialty retailer’s stock valued at $8,461,000 after purchasing an additional 159,890 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Five Below during the 2nd quarter valued at approximately $5,540,000. Finally, Neuberger Berman Group LLC grew its holdings in shares of Five Below by 28.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 494,276 shares of the specialty retailer’s stock valued at $24,402,000 after purchasing an additional 110,050 shares during the last quarter.

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About Five Below

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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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