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.
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