Gordon Haskett Lowers Five Below (FIVE) to Hold

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.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company had revenue of $257.18 million for the quarter, compared to the consensus estimate of $246.04 million. During the same period in the previous year, the business earned $0.10 EPS. Five Below’s revenue for the quarter was up 28.9% compared to the same quarter last year. research analysts anticipate that Five Below will post 1.78 EPS for the current fiscal year.

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.

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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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