Five Below (FIVE) Upgraded at BidaskClub

Five Below (NASDAQ:FIVE) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.

FIVE has been the subject of several other reports. MKM Partners lifted their price objective on Five Below from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. ValuEngine upgraded Five Below from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Buckingham Research cut their price objective on Five Below from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Tuesday, March 20th. Zacks Investment Research downgraded Five Below from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Gordon Haskett upgraded Five Below from a “hold” rating to an “accumulate” rating in a research report on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $63.50.

Shares of Five Below stock opened at $75.53 on Friday. Five Below has a 1 year low of $74.28 and a 1 year high of $75.32. The company has a market cap of $4.09 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.16 and a beta of 0.60.

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

Five Below declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

In other Five Below news, EVP Michael Romanko sold 6,227 shares of the business’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $77.17, for a total value of $480,537.59. Following the completion of the transaction, the executive vice president now directly owns 27,684 shares in the company, valued at approximately $2,136,374.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its holdings in Five Below by 2.2% in the 1st quarter. Legal & General Group Plc now owns 113,254 shares of the specialty retailer’s stock valued at $8,206,000 after acquiring an additional 2,400 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Five Below in the 1st quarter valued at $1,415,000. We Are One Seven LLC raised its holdings in Five Below by 173.7% in the 1st quarter. We Are One Seven LLC now owns 3,128 shares of the specialty retailer’s stock valued at $229,000 after acquiring an additional 1,985 shares during the last quarter. Tremblant Capital Group acquired a new position in Five Below in the 1st quarter valued at $924,000. Finally, A.R.T. Advisors LLC increased its holdings in shares of Five Below by 427.0% during the 1st quarter. A.R.T. Advisors LLC now owns 267,447 shares of the specialty retailer’s stock worth $19,614,000 after buying an additional 216,700 shares during the last quarter.

Five Below Company Profile

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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