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.
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