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.
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.