Dougherty & Co Boosts Five Below (FIVE) Price Target to $82.00

Five Below (NASDAQ:FIVE) had its price objective upped by Dougherty & Co from $68.00 to $82.00 in a report issued on Tuesday, January 9th, MarketBeat reports. They currently have a buy rating on the specialty retailer’s stock. Dougherty & Co also issued estimates for Five Below’s Q4 2018 earnings at $1.14 EPS and FY2018 earnings at $1.77 EPS.

A number of other brokerages also recently issued reports on FIVE. MKM Partners boosted their price objective on Five Below to $75.00 and gave the company a buy rating in a research note on Thursday, January 4th. Deutsche Bank raised Five Below from a hold rating to a buy rating and set a $54.00 price target on the stock in a report on Wednesday, January 3rd. Morgan Stanley boosted their price target on Five Below from $54.00 to $58.00 and gave the stock an equal weight rating in a report on Wednesday, December 27th. Jefferies Group reissued a buy rating and issued a $85.00 price target on shares of Five Below in a report on Monday, January 8th. Finally, BidaskClub raised Five Below from a buy rating to a strong-buy rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Five Below has a consensus rating of Buy and a consensus target price of $64.33.

Shares of Five Below (NASDAQ FIVE) traded down $0.45 during trading hours on Tuesday, hitting $64.93. The company had a trading volume of 1,026,323 shares, compared to its average volume of 1,149,296. The company has a market cap of $3,570.00, a P/E ratio of 42.44, a PEG ratio of 1.27 and a beta of 0.84. Five Below has a 52 week low of $37.14 and a 52 week high of $73.55.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. The company had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The firm’s revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. sell-side analysts expect that Five Below will post 1.81 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 that occurred on 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 transaction, the insider now owns 13,883 shares of the company’s stock, valued at approximately $931,271.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Romanko sold 12,454 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were 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 in the company, valued at approximately $1,653,802.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,400 shares of company stock worth $9,474,401. Corporate insiders own 2.92% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Five Below by 53.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 943 shares during the last quarter. Everence Capital Management Inc. bought a new position in Five Below in the 3rd quarter valued at $215,000. Montag & Caldwell LLC bought a new position in Five Below in the 3rd quarter valued at $217,000. Raymond James Trust N.A. bought a new position in Five Below in the 2nd quarter valued at $205,000. Finally, Miles Capital Inc. bought a new position in Five Below in the 2nd quarter valued at $210,000.

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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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