Shares of Five Below Inc (NASDAQ:FIVE) have been assigned an average rating of “Buy” from the nineteen analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $65.24.
Several equities analysts recently commented on FIVE shares. Royal Bank of Canada upped their price target on shares of Five Below to $67.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Thursday, November 30th. Jefferies Group upped their price target on shares of Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. Finally, Buckingham Research upped their price target on shares of Five Below from $62.00 to $75.00 and gave the company a “buy” rating in a report on Friday, December 1st.
Five Below (NASDAQ:FIVE) traded down $0.32 during trading on Tuesday, hitting $64.35. 884,150 shares of the stock were exchanged, compared to its average volume of 1,150,000. Five Below has a 12-month low of $37.14 and a 12-month high of $73.55. The company has a market cap of $3,550.00, a P/E ratio of 42.06, a PEG ratio of 0.91 and a beta of 0.67.
In other Five Below news, EVP Michael Romanko sold 12,454 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $66.53, for a total value of $828,564.62. Following the completion of the sale, the executive vice president now directly owns 24,858 shares of the company’s stock, valued at approximately $1,653,802.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald Sargent sold 80,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the completion of the sale, the director now directly owns 29,429 shares of the company’s stock, valued at $1,930,248.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,400 shares of company stock valued at $9,474,401. 2.92% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in FIVE. Gilder Gagnon Howe & Co. LLC purchased a new stake in Five Below in the 4th quarter valued at about $69,990,000. Jennison Associates LLC boosted its position in Five Below by 24.1% in the 3rd quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after buying an additional 412,641 shares during the period. Maverick Capital Ltd. boosted its position in Five Below by 580.2% in the 4th quarter. Maverick Capital Ltd. now owns 203,659 shares of the specialty retailer’s stock valued at $13,507,000 after buying an additional 173,717 shares during the period. Wasatch Advisors Inc. boosted its position in Five Below by 7.5% in the 4th quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock valued at $138,056,000 after buying an additional 144,473 shares during the period. Finally, Penserra Capital Management LLC boosted its position in Five Below by 388.4% in the 4th quarter. Penserra Capital Management LLC now owns 149,274 shares of the specialty retailer’s stock valued at $9,899,000 after buying an additional 118,707 shares during the period.
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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