Brokerages Set Five Below (FIVE) Price Target at $67.25

Five Below (NASDAQ:FIVE) has been given an average recommendation of “Buy” by the twenty analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $67.25.

A number of brokerages recently commented on FIVE. Jefferies Group restated a “buy” rating and issued a $85.00 price objective on shares of Five Below in a research report on Monday, January 8th. MKM Partners raised their price objective on shares of Five Below from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Gordon Haskett upgraded shares of Five Below from a “hold” rating to an “accumulate” rating in a research report on Wednesday, January 31st. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 28th. Finally, Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th.

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Several hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Five Below by 20.4% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,488 shares of the specialty retailer’s stock valued at $365,000 after acquiring an additional 930 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Five Below by 53.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 943 shares during the last quarter. Advisor Group Inc. raised its position in shares of Five Below by 10.3% during the 4th quarter. Advisor Group Inc. now owns 11,123 shares of the specialty retailer’s stock worth $737,000 after purchasing an additional 1,042 shares during the last quarter. Profund Advisors LLC raised its position in shares of Five Below by 14.0% during the 4th quarter. Profund Advisors LLC now owns 9,014 shares of the specialty retailer’s stock worth $598,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Flinton Capital Management LLC raised its position in shares of Five Below by 17.7% during the 4th quarter. Flinton Capital Management LLC now owns 7,684 shares of the specialty retailer’s stock worth $509,000 after purchasing an additional 1,156 shares during the last quarter.

Shares of NASDAQ:FIVE opened at $70.70 on Wednesday. The stock has a market capitalization of $3,922.14, a P/E ratio of 39.50, a PEG ratio of 1.12 and a beta of 0.58. Five Below has a 52 week low of $43.68 and a 52 week high of $73.86.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 21st. The specialty retailer reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. The firm had revenue of $505.00 million during the quarter, compared to the consensus estimate of $502.74 million. Five Below had a net margin of 8.02% and a return on equity of 26.00%. The firm’s revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. equities analysts forecast that Five Below will post 2.4 EPS for the current year.

Five Below announced that its board has initiated a share buyback plan on Wednesday, March 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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