MKM Partners Increases Five Below (FIVE) Price Target to $86.00

Five Below (NASDAQ:FIVE) had its target price lifted by research analysts at MKM Partners from $75.00 to $86.00 in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. MKM Partners’ target price points to a potential upside of 29.46% from the stock’s previous close.

Several other equities analysts also recently weighed in on FIVE. Wells Fargo & Co began coverage on Five Below in a research note on Friday, November 3rd. They issued an “outperform” rating and a $65.00 price objective for the company. Zacks Investment Research downgraded Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. KeyCorp reissued a “hold” rating on shares of Five Below in a research report on Friday, November 10th. Loop Capital downgraded Five Below from a “buy” rating to a “hold” rating and set a $54.00 price target for the company. in a research report on Monday, November 20th. Finally, Jefferies Group raised their price target on Five Below from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Five Below presently has an average rating of “Buy” and a consensus price target of $64.97.

Five Below (FIVE) opened at $66.43 on Tuesday. Five Below has a one year low of $37.14 and a one year high of $73.55. The firm has a market capitalization of $3,700.00, a P/E ratio of 43.42, a P/E/G ratio of 0.95 and a beta of 0.67.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The firm had revenue of $257.18 million during the quarter, compared to the consensus estimate of $246.04 million. During the same period last year, the business posted $0.10 EPS. Five Below’s quarterly revenue was up 28.9% on a year-over-year basis. analysts predict that Five Below will post 1.81 EPS for the current year.

In other news, insider Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 13,883 shares in the company, valued at $931,271.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Sargent sold 80,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total value of $5,247,200.00. Following the sale, the director now owns 29,429 shares in the company, valued at approximately $1,930,248.11. The disclosure for this sale can be found here. Insiders have sold 143,400 shares of company stock worth $9,474,401 in the last 90 days. Insiders own 2.92% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Five Below during the fourth quarter worth $365,000. MetLife Investment Advisors LLC acquired a new stake in shares of Five Below during the fourth quarter worth $1,613,000. LPL Financial LLC boosted its holdings in shares of Five Below by 283.7% during the fourth quarter. LPL Financial LLC now owns 35,058 shares of the specialty retailer’s stock worth $2,325,000 after purchasing an additional 25,922 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Five Below by 121.5% during the fourth quarter. Millennium Management LLC now owns 793,756 shares of the specialty retailer’s stock worth $52,642,000 after purchasing an additional 435,463 shares during the last quarter. Finally, Sciencast Management LP acquired a new stake in shares of Five Below during the fourth quarter worth $259,000.

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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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