Five Below, Inc. (FIVE) Receives $58.68 Average PT from Brokerages

Shares of Five Below, Inc. (NASDAQ:FIVE) have been assigned a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $61.18.

A number of research firms recently weighed in on FIVE. Royal Bank Of Canada lifted their price objective on shares of Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, August 23rd. Jefferies Group restated a “buy” rating and set a $62.00 price target on shares of Five Below in a research report on Thursday, August 31st. Finally, UBS boosted their price target on shares of Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday.

In other news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the transaction, the insider now directly owns 757,823 shares in the company, valued at approximately $41,778,781.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.22% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. California Public Employees Retirement System grew its position in Five Below by 5.2% in the third quarter. California Public Employees Retirement System now owns 102,370 shares of the specialty retailer’s stock worth $5,618,000 after acquiring an additional 5,070 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Five Below by 25.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 933 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Five Below in the third quarter worth $1,811,000. Oppenheimer Asset Management Inc. grew its position in Five Below by 2.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 82,502 shares of the specialty retailer’s stock worth $4,528,000 after acquiring an additional 2,349 shares in the last quarter. Finally, King Luther Capital Management Corp grew its position in Five Below by 4.4% in the third quarter. King Luther Capital Management Corp now owns 30,095 shares of the specialty retailer’s stock worth $1,652,000 after acquiring an additional 1,270 shares in the last quarter.

Five Below (NASDAQ:FIVE) traded down $0.29 during trading on Thursday, reaching $61.51. 3,961,508 shares of the company were exchanged, compared to its average volume of 886,405. Five Below has a fifty-two week low of $36.90 and a fifty-two week high of $63.33. The stock has a market cap of $3,395.35, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 1.29 and a beta of 0.85.

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 analysts’ consensus estimates of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 24.43%. The business had revenue of $257.18 million during the quarter, compared to analyst estimates of $246.04 million. During the same period in the previous year, the business earned $0.10 EPS. Five Below’s revenue was up 28.9% compared to the same quarter last year. equities research analysts predict that Five Below will post 1.78 EPS for the current year.

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Five Below Company Profile

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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