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.
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