Five Below (NASDAQ:FIVE)‘s stock had its “hold” rating reissued by equities research analysts at Barclays in a research note issued to investors on Sunday. They presently have a $60.00 price target on the specialty retailer’s stock. Barclays’ price target indicates a potential downside of 2.45% from the company’s previous close.
Other research analysts also recently issued reports about the company. Loop Capital set a $60.00 price target on Five Below and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, August 23rd. Jefferies Group reiterated a “buy” rating and issued a $62.00 price target on shares of Five Below in a report on Wednesday, August 23rd. Dougherty & Co restated a “buy” rating on shares of Five Below in a report on Friday, August 18th. Finally, BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $60.91.
Shares of Five Below (NASDAQ FIVE) traded down $0.29 on Friday, reaching $61.51. The company’s stock had a trading volume of 3,961,508 shares, compared to its average volume of 886,405. The firm has a market cap of $3,395.35, a P/E ratio of 40.20, a PEG ratio of 1.29 and a beta of 0.85. Five Below has a 52 week low of $36.90 and a 52 week high of $63.33.
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 legal filing with the SEC, which is available at this link. Corporate insiders own 3.22% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its holdings in Five Below by 5.1% in the 1st quarter. Teachers Advisors LLC now owns 92,626 shares of the specialty retailer’s stock valued at $4,012,000 after purchasing an additional 4,479 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Five Below in the 1st quarter valued at $3,175,000. LS Investment Advisors LLC increased its holdings in Five Below by 0.8% in the 2nd quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock valued at $234,000 after purchasing an additional 39 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Five Below in the 2nd quarter valued at $723,000. Finally, Strs Ohio increased its holdings in Five Below by 40.0% in the 2nd quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock valued at $207,000 after purchasing an additional 1,200 shares in the last quarter.
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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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