Five Below (FIVE) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of Five Below (NASDAQ:FIVE) from an equal weight rating to an overweight rating in a research note published on Friday, The Fly reports.

Other research analysts have also recently issued reports about the company. ValuEngine cut Five Below from a strong-buy rating to a buy rating in a research note on Thursday. Credit Suisse Group decreased their target price on Five Below from $125.00 to $115.00 and set a neutral rating for the company in a research note on Thursday. BidaskClub raised Five Below from a buy rating to a strong-buy rating in a research note on Friday, August 10th. Zacks Investment Research raised Five Below from a hold rating to a buy rating and set a $124.00 target price for the company in a research note on Tuesday, August 21st. Finally, Dougherty & Co cut Five Below from a buy rating to a neutral rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $119.00.

NASDAQ:FIVE traded down $6.21 on Friday, reaching $95.58. The company’s stock had a trading volume of 2,063,788 shares, compared to its average volume of 1,188,133. Five Below has a 1-year low of $60.00 and a 1-year high of $136.13. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 53.40, a PEG ratio of 1.30 and a beta of 0.52.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, December 6th. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Five Below had a return on equity of 24.58% and a net margin of 8.74%. The firm had revenue of $312.82 million during the quarter, compared to analysts’ expectations of $303.54 million. As a group, equities analysts expect that Five Below will post 2.62 earnings per share for the current year.

In other news, EVP Michael Romanko sold 3,308 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $126.00, for a total transaction of $416,808.00. Following the completion of the transaction, the executive vice president now directly owns 18,092 shares of the company’s stock, valued at $2,279,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David N. Makuen sold 12,000 shares of the company’s stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $116.43, for a total value of $1,397,160.00. Following the transaction, the insider now directly owns 20,863 shares of the company’s stock, valued at $2,429,079.09. The disclosure for this sale can be found here. Insiders have sold 19,303 shares of company stock valued at $2,346,022 over the last ninety days. 2.60% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in shares of Five Below by 1,598.1% during the third quarter. Advisory Services Network LLC now owns 917 shares of the specialty retailer’s stock worth $119,000 after buying an additional 863 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Five Below by 1,206.8% during the third quarter. Advisors Asset Management Inc. now owns 954 shares of the specialty retailer’s stock worth $124,000 after buying an additional 881 shares during the period. Cerebellum GP LLC acquired a new position in shares of Five Below during the third quarter worth about $184,000. Sawtooth Solutions LLC acquired a new position in shares of Five Below during the third quarter worth about $201,000. Finally, Norris Perne & French LLP MI bought a new stake in Five Below during the third quarter worth about $209,000. 95.42% of the stock is owned by institutional investors.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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