Gordon Haskett lowered shares of Five Below (NASDAQ:FIVE) from an accumulate rating to a hold rating in a research note published on Friday, Marketbeat Ratings reports. They currently have $57.00 price target on the specialty retailer’s stock.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Five Below from a hold rating to a buy rating and set a $67.00 price objective on the stock in a report on Thursday. Jefferies Group lifted their price objective on Five Below from $62.00 to $70.00 and gave the stock a buy rating in a report on Wednesday, November 29th. MKM Partners lifted their price objective on Five Below from $59.00 to $64.00 and gave the stock a buy rating in a report on Tuesday, November 28th. Loop Capital downgraded Five Below from a buy rating to a hold rating and set a $54.00 price objective on the stock. in a report on Monday, November 20th. Finally, KeyCorp restated a hold rating on shares of Five Below in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $60.91.
Five Below (FIVE) traded down $0.29 during mid-day trading on Friday, reaching $61.51. The company’s stock had a trading volume of 4,084,800 shares, compared to its average volume of 1,096,102. Five Below has a 52 week low of $36.90 and a 52 week high of $63.33. The stock has a market cap of $3,397.51, a P/E ratio of 40.20, a PEG ratio of 1.21 and a beta of 0.85.
In related news, insider Thomas Vellios sold 142,573 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was 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 owns 757,823 shares in the company, valued at approximately $41,778,781.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.92% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in Five Below by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 12,496 shares of the specialty retailer’s stock valued at $617,000 after purchasing an additional 32 shares during the period. LS Investment Advisors LLC boosted its position in Five Below by 0.8% during the 2nd quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock valued at $234,000 after purchasing an additional 39 shares during the period. First Mercantile Trust Co. boosted its position in Five Below by 1.7% during the 2nd quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 40 shares during the period. Renaissance Group LLC boosted its position in Five Below by 1.2% during the 2nd quarter. Renaissance Group LLC now owns 7,927 shares of the specialty retailer’s stock valued at $391,000 after purchasing an additional 95 shares during the period. Finally, Arizona State Retirement System boosted its position in Five Below by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 28,700 shares of the specialty retailer’s stock valued at $1,417,000 after purchasing an additional 100 shares during the period.
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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