Five Below (NASDAQ:FIVE) had its target price lifted by analysts at MKM Partners to $75.00 in a research note issued on Thursday. The firm presently has a “buy” rating on the specialty retailer’s stock. MKM Partners’ target price points to a potential upside of 5.93% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Deutsche Bank raised Five Below from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday. Morgan Stanley boosted their target price on Five Below from $54.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 27th. KeyCorp reissued a “hold” rating on shares of Five Below in a research note on Friday, November 10th. Gordon Haskett cut Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 target price for the company. in a research note on Friday, December 1st. Finally, BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $62.29.
Shares of Five Below (NASDAQ FIVE) opened at $70.80 on Thursday. Five Below has a one year low of $37.14 and a one year high of $71.79. The firm has a market capitalization of $3,910.00, a price-to-earnings ratio of 46.27, a PEG ratio of 1.47 and a beta of 0.84.
Five Below (NASDAQ:FIVE) last released its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The firm had revenue of $257.18 million during the quarter, compared to analysts’ expectations of $246.04 million. During the same period in the previous year, the firm posted $0.10 EPS. Five Below’s revenue for the quarter was up 28.9% on a year-over-year basis. research analysts predict that Five Below will post 1.78 EPS for the current fiscal year.
In other news, insider Eric M. Specter sold 15,000 shares of the business’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 sale, the insider now directly owns 13,883 shares of the company’s stock, valued at approximately $931,271.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joel D. Anderson sold 20,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $67.00, for a total value of $1,340,000.00. Following the completion of the sale, the chief executive officer now directly owns 127,693 shares of the company’s stock, valued at $8,555,431. The disclosure for this sale can be found here. Insiders have sold a total of 143,400 shares of company stock valued at $9,474,401 over the last ninety days. 3.22% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of FIVE. Schwab Charles Investment Management Inc. raised its stake in Five Below by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 290,516 shares of the specialty retailer’s stock valued at $14,343,000 after acquiring an additional 12,504 shares during the last quarter. Legal & General Group Plc raised its stake in Five Below by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 106,198 shares of the specialty retailer’s stock valued at $5,239,000 after acquiring an additional 11,110 shares during the last quarter. Prudential Financial Inc. raised its stake in Five Below by 82.4% during the 2nd quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock valued at $8,685,000 after acquiring an additional 79,480 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Five Below by 28.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 494,276 shares of the specialty retailer’s stock valued at $24,402,000 after acquiring an additional 110,050 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Five Below by 1.4% during the 2nd quarter. Principal Financial Group Inc. now owns 463,076 shares of the specialty retailer’s stock valued at $22,862,000 after acquiring an additional 6,207 shares during 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.