Deutsche Bank Upgrades Five Below (FIVE) to Buy

Five Below (NASDAQ:FIVE) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $54.00 target price on the specialty retailer’s stock. Deutsche Bank’s price objective suggests a potential downside of 21.92% from the company’s current price.

Several other analysts have also weighed in on FIVE. Morgan Stanley increased their price target on Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, December 27th. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. Barclays reiterated a “hold” rating and issued a $60.00 target price on shares of Five Below in a research note on Sunday, December 3rd. Buckingham Research increased their price target on Five Below from $62.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, UBS Group increased their price target on Five Below from $52.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Five Below presently has an average rating of “Buy” and an average price target of $61.60.

Five Below (NASDAQ:FIVE) traded up $2.84 during mid-day trading on Wednesday, reaching $69.16. The company’s stock had a trading volume of 1,226,300 shares, compared to its average volume of 1,034,150. Five Below has a 1-year low of $37.14 and a 1-year high of $69.75. The company has a market cap of $3,820.00, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. sell-side analysts expect that Five Below will post 1.78 EPS for the current fiscal year.

In other news, CEO Joel D. Anderson sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.00, for a total value of $1,340,000.00. Following the completion of the transaction, the chief executive officer now directly owns 127,693 shares in the company, valued at $8,555,431. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $67.08, for a total value of $1,006,200.00. Following the completion of the transaction, the insider now owns 13,883 shares of the company’s stock, valued at $931,271.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,400 shares of company stock valued at $9,474,401. Company insiders own 2.92% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FIVE. Raymond James Trust N.A. purchased a new position in Five Below during the second quarter valued at approximately $205,000. Miles Capital Inc. purchased a new position in Five Below during the second quarter valued at approximately $210,000. Riverhead Capital Management LLC raised its position in Five Below by 73.2% during the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock valued at $214,000 after acquiring an additional 1,829 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Five Below during the third quarter valued at approximately $215,000. Finally, Montag & Caldwell LLC purchased a new position in Five Below during the third quarter valued at approximately $217,000.

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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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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