Five Below, Inc. (NASDAQ:FIVE) had its price objective raised by Jefferies Group LLC from $55.00 to $62.00 in a research note issued to investors on Tuesday, May 9th. They currently have a buy rating on the specialty retailer’s stock.
A number of other research analysts also recently weighed in on the company. Gordon Haskett began coverage on Five Below in a research note on Tuesday, May 9th. They issued an accumulate rating and a $57.00 price objective on the stock. Loop Capital reissued a buy rating and issued a $54.00 price objective on shares of Five Below in a research note on Wednesday, May 3rd. Vetr downgraded Five Below from a hold rating to a sell rating and set a $47.56 price objective on the stock. in a research note on Wednesday, April 26th. Royal Bank Of Canada set a $50.00 price objective on Five Below and gave the company a buy rating in a research note on Monday, April 3rd. Finally, MKM Partners reissued a buy rating and issued a $51.00 price objective (down from $54.00) on shares of Five Below in a research note on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Five Below has a consensus rating of Buy and a consensus target price of $53.85.
Five Below (FIVE) traded down 4.63% during trading on Tuesday, reaching $48.65. The company’s stock had a trading volume of 3,019,898 shares. Five Below has a 52-week low of $35.03 and a 52-week high of $54.13. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 36.61 and a beta of 0.95. The stock’s 50-day moving average is $51.30 and its 200 day moving average is $43.50.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The business had revenue of $232.90 million for the quarter, compared to the consensus estimate of $230.75 million. During the same period last year, the business earned $0.12 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. On average, analysts predict that Five Below will post $1.66 EPS for the current fiscal year.
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In other news, CFO Kenneth R. Bull sold 17,300 shares of Five Below stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.90, for a total transaction of $932,470.00. Following the sale, the chief financial officer now owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.92% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Comerica Bank raised its stake in shares of Five Below by 5.6% in the fourth quarter. Comerica Bank now owns 58,835 shares of the specialty retailer’s stock valued at $2,428,000 after buying an additional 3,105 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Five Below by 12.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,864 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 307 shares during the last quarter. Torch Wealth Management LLC raised its stake in shares of Five Below by 0.5% in the first quarter. Torch Wealth Management LLC now owns 18,575 shares of the specialty retailer’s stock valued at $804,000 after buying an additional 100 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Five Below by 14.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 13,745 shares of the specialty retailer’s stock valued at $595,000 after buying an additional 1,730 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Five Below by 45.8% in the third quarter. Wells Fargo & Company MN now owns 2,191,769 shares of the specialty retailer’s stock valued at $88,307,000 after buying an additional 688,359 shares during the last quarter.
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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