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.
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.
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