Five Below’s (FIVE) Hold Rating Reiterated at Barclays

Five Below (NASDAQ:FIVE)‘s stock had its “hold” rating restated by equities researchers at Barclays in a note issued to investors on Sunday. They currently have a $60.00 target price on the specialty retailer’s stock. Barclays’ target price would suggest a potential downside of 2.45% from the stock’s current price.

A number of other research analysts have also issued reports on FIVE. Gordon Haskett lowered shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 target price for the company. in a research note on Friday. UBS boosted their target price on shares of Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday. BidaskClub raised shares of Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. MKM Partners boosted their target price on shares of Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Buckingham Research boosted their target price on shares of Five Below from $62.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Five Below currently has a consensus rating of “Buy” and a consensus target price of $60.91.

Five Below (NASDAQ:FIVE) traded down $0.29 during trading on Friday, reaching $61.51. 3,961,508 shares of the company’s stock were exchanged, compared to its average volume of 886,405. The firm 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 has a 52-week low of $36.90 and a 52-week high of $63.33.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $257.18 million during the quarter, compared to analyst estimates of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 24.43%. Five Below’s revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. sell-side analysts expect that Five Below will post 1.78 EPS for the current year.

In other news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the sale, the insider now directly owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.22% of the company’s stock.

Several large investors have recently modified their holdings of the company. First Mercantile Trust Co. raised its holdings in shares of Five Below by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 40 shares in the last quarter. Raymond James Trust N.A. bought a new stake in shares of Five Below in the 2nd quarter worth approximately $205,000. Strs Ohio raised its holdings in shares of Five Below by 40.0% in the 2nd quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after purchasing an additional 1,200 shares in the last quarter. Miles Capital Inc. bought a new stake in shares of Five Below in the 2nd quarter worth approximately $210,000. Finally, Riverhead Capital Management LLC raised its holdings in shares of Five Below by 73.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 1,829 shares in the last quarter.

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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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