Five Below (NASDAQ:FIVE) had its price target boosted by equities researchers at Dougherty & Co from $68.00 to $82.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Dougherty & Co’s target price indicates a potential upside of 22.48% from the stock’s current price.
Several other brokerages also recently commented on FIVE. Royal Bank of Canada raised their price objective on shares of Five Below to $67.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Thursday, November 30th. Jefferies Group raised their price objective on shares of Five Below from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Finally, Buckingham Research raised their price objective on shares of Five Below from $62.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. One 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. Five Below has a consensus rating of “Buy” and an average price target of $64.33.
Five Below (NASDAQ FIVE) opened at $66.95 on Tuesday. The stock has a market cap of $3,700.00, a P/E ratio of 43.76, a P/E/G ratio of 1.53 and a beta of 0.84. Five Below has a fifty-two week low of $37.14 and a fifty-two week high of $73.55.
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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Romanko sold 12,454 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $66.53, for a total value of $828,564.62. Following the transaction, the executive vice president now directly owns 24,858 shares of the company’s stock, valued at approximately $1,653,802.74. 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 in the last ninety days. Insiders own 2.92% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FIVE. Everence Capital Management Inc. bought a new stake in Five Below in the third quarter valued at approximately $215,000. Montag & Caldwell LLC bought a new position in shares of Five Below during the third quarter valued at approximately $217,000. Raymond James Trust N.A. bought a new position in shares of Five Below during the second quarter valued at approximately $205,000. Miles Capital Inc. bought a new position in shares of Five Below during the second quarter valued at approximately $210,000. Finally, Riverhead Capital Management LLC raised its holdings in shares of 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.
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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.
