Five Below (FIVE) Lifted to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Five Below (NASDAQ:FIVE) from a buy rating to a strong-buy rating in a report published on Thursday morning.

A number of other research analysts have also issued reports on FIVE. Gordon Haskett lowered shares of 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. Barclays restated a hold rating and set a $60.00 price target on shares of Five Below in a research report on Sunday, December 3rd. UBS boosted their price target on shares of Five Below from $52.00 to $64.00 and gave the stock a neutral rating in a research report on Friday, December 1st. Buckingham Research restated a buy rating and set a $62.00 price target on shares of Five Below in a research report on Friday, September 1st. Finally, Dougherty & Co reiterated a buy rating on shares of Five Below in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $60.91.

Five Below (NASDAQ FIVE) opened at $67.12 on Thursday. The stock has a market cap of $3,707.38, a PE ratio of 43.87, a price-to-earnings-growth ratio of 1.43 and a beta of 0.85. Five Below has a one year low of $36.90 and a one year high of $67.53.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (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 analyst estimates of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. Five Below’s revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. research analysts anticipate that Five Below will post 1.78 EPS for the current year.

In other Five Below news, Director Ronald Sargent sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the sale, the insider now directly owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The disclosure for this sale can be found here. Insiders sold 250,973 shares of company stock valued at $14,988,250 over the last three months. Insiders own 2.92% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. First Mercantile Trust Co. raised its stake in Five Below by 1.7% during the 2nd quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 40 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Five Below during the 2nd quarter valued at $205,000. Strs Ohio raised its stake in Five Below by 40.0% during the 2nd quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock valued at $207,000 after purchasing an additional 1,200 shares during the last quarter. Miles Capital Inc. acquired a new position in Five Below during the 2nd quarter valued at $210,000. Finally, Riverhead Capital Management LLC raised its stake in Five Below by 73.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock valued at $214,000 after purchasing an additional 1,829 shares during 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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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