Royal Bank Of Canada Raises Five Below (FIVE) Price Target to $67.00

Five Below (NASDAQ:FIVE) had its target price raised by Royal Bank Of Canada to $67.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 8.41% from the stock’s previous close.

FIVE has been the topic of several other research reports. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, August 23rd. Jefferies Group restated a “buy” rating and set a $62.00 target price on shares of Five Below in a report on Thursday, August 31st. Loop Capital set a $60.00 target price on Five Below and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, KeyCorp restated a “hold” rating on shares of Five Below in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $59.30.

Five Below (NASDAQ:FIVE) traded up $0.56 during trading on Friday, reaching $61.80. The company’s stock had a trading volume of 3,442,800 shares, compared to its average volume of 1,083,164. Five Below has a 1 year low of $36.90 and a 1 year high of $63.33. The firm has a market capitalization of $3,325.78, a price-to-earnings ratio of 41.55, a P/E/G ratio of 1.27 and a beta of 0.80.

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

In other news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was 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 in the company, 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 institutional investors have recently made changes to their positions in FIVE. Jennison Associates LLC boosted its holdings in Five Below by 24.1% in the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after acquiring an additional 412,641 shares in the last quarter. Wasatch Advisors Inc. raised its stake in shares of Five Below by 2.7% in the second quarter. Wasatch Advisors Inc. now owns 1,949,049 shares of the specialty retailer’s stock worth $96,225,000 after purchasing an additional 52,041 shares during the last quarter. State Street Corp raised its stake in shares of Five Below by 2.8% in the second quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock worth $70,796,000 after purchasing an additional 38,532 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Five Below by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock valued at $64,914,000 after acquiring an additional 30,368 shares during the last quarter. Finally, Oak Ridge Investments LLC increased its position in shares of Five Below by 0.8% during the second quarter. Oak Ridge Investments LLC now owns 1,064,249 shares of the specialty retailer’s stock valued at $52,542,000 after acquiring an additional 8,498 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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