Five Below (NASDAQ:FIVE) had its target price increased by UBS Group from $75.00 to $97.00 in a research report released on Thursday morning, 99wallstreet.com reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.
Several other research firms have also recently weighed in on FIVE. Buckingham Research raised their target price on shares of Five Below from $78.00 to $115.00 and gave the company a buy rating in a research note on Thursday. BidaskClub cut shares of Five Below from a buy rating to a hold rating in a research note on Friday, May 11th. Credit Suisse Group raised their target price on shares of Five Below from $88.00 to $96.00 and gave the company an outperform rating in a research note on Thursday. Deutsche Bank cut their target price on shares of Five Below from $85.00 to $84.00 and set a buy rating for the company in a research note on Friday, May 25th. Finally, Deutsche Bank cut their target price on shares of Five Below from $85.00 to $84.00 and set a buy rating for the company in a research note on Friday, May 25th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $91.59.
Shares of Five Below opened at $101.19 on Thursday, according to Marketbeat.com. The firm has a market capitalization of $5.63 billion, a PE ratio of 56.53, a PEG ratio of 1.59 and a beta of 0.58. Five Below has a 1 year low of $44.30 and a 1 year high of $102.87.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, June 6th. The specialty retailer reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company had revenue of $296.32 million during the quarter, compared to analysts’ expectations of $291.14 million. Five Below had a net margin of 8.64% and a return on equity of 26.59%. Five Below’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share. research analysts anticipate that Five Below will post 2.44 EPS for the current year.
Five Below declared that its board has approved a stock buyback plan on Wednesday, March 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
In other Five Below news, EVP Michael Romanko sold 6,227 shares of the stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $77.17, for a total transaction of $480,537.59. Following the completion of the transaction, the executive vice president now owns 27,684 shares in the company, valued at $2,136,374.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Five Below by 6.6% in the 1st quarter. BlackRock Inc. now owns 7,177,761 shares of the specialty retailer’s stock worth $526,415,000 after acquiring an additional 446,571 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Five Below by 121.5% in the 4th quarter. Millennium Management LLC now owns 793,756 shares of the specialty retailer’s stock worth $52,642,000 after acquiring an additional 435,463 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in shares of Five Below by 19.1% in the 1st quarter. Wasatch Advisors Inc. now owns 2,478,664 shares of the specialty retailer’s stock worth $181,785,000 after acquiring an additional 396,992 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Five Below in the 1st quarter worth about $27,287,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Five Below by 6,517.0% in the 4th quarter. Two Sigma Investments LP now owns 282,349 shares of the specialty retailer’s stock worth $18,725,000 after acquiring an additional 286,749 shares during the last quarter.
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.
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