Five Below (NASDAQ:FIVE) was downgraded by Gordon Haskett from an “accumulate” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat reports. They presently have a $57.00 price target on the specialty retailer’s stock. Gordon Haskett’s price target would suggest a potential downside of 7.33% from the stock’s current price.

Several other analysts also recently issued reports on FIVE. BidaskClub raised Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. MKM Partners lifted their target price on Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday. Buckingham Research reissued a “buy” rating and set a $62.00 target price on shares of Five Below in a research note on Friday, September 1st. Dougherty & Co reissued a “buy” rating on shares of Five Below in a research note on Friday, August 18th. Finally, Jefferies Group lifted their target price on Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $60.97.

Shares of Five Below (NASDAQ:FIVE) traded down $0.29 on Friday, reaching $61.51. The company had a trading volume of 4,084,612 shares, compared to its average volume of 1,096,101. The company has a market cap of $3,400.00, a P/E ratio of 41.55, a PEG ratio of 1.27 and a beta of 0.80. Five Below has a 52 week low of $36.90 and a 52 week high of $63.33.

Five Below (NASDAQ:FIVE) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The company had revenue of $257.18 million for the quarter, compared to the consensus estimate of $246.04 million. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. equities analysts predict 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 Five Below stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the sale, the insider now owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.92% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in shares of Five Below by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 102,370 shares of the specialty retailer’s stock valued at $5,618,000 after purchasing an additional 5,070 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Five Below by 25.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock valued at $250,000 after purchasing an additional 933 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Five Below during the 3rd quarter valued at approximately $1,811,000. Oppenheimer Asset Management Inc. increased its position in shares of Five Below by 2.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,502 shares of the specialty retailer’s stock valued at $4,528,000 after purchasing an additional 2,349 shares during the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Five Below by 4.4% during the 3rd quarter. King Luther Capital Management Corp now owns 30,095 shares of the specialty retailer’s stock valued at $1,652,000 after purchasing an additional 1,270 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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