Five Below (FIVE) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Five Below (NASDAQ:FIVE) from an equal weight rating to an overweight rating in a research report released on Monday morning, Marketbeat reports. Morgan Stanley currently has $118.00 price objective on the specialty retailer’s stock, up from their previous price objective of $113.00.

A number of other equities analysts have also weighed in on the company. BidaskClub upgraded Five Below from a hold rating to a buy rating in a research note on Saturday, January 5th. Zacks Investment Research reiterated a hold rating and set a $100.00 price objective on shares of Five Below in a research note on Monday, December 31st. Goldman Sachs Group upgraded Five Below from a neutral rating to a buy rating and set a $122.00 price objective for the company in a research note on Wednesday, December 12th. Loop Capital upgraded Five Below from a hold rating to a buy rating and lifted their price objective for the company from $110.00 to $120.00 in a research note on Monday, December 10th. Finally, Barclays upgraded Five Below from an equal weight rating to an overweight rating in a research note on Friday, December 7th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $121.24.

NASDAQ FIVE opened at $122.66 on Monday. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 68.53, a P/E/G ratio of 1.39 and a beta of 0.56. Five Below has a fifty-two week low of $60.00 and a fifty-two week high of $136.13.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. The business had revenue of $312.82 million during the quarter, compared to analyst estimates of $303.54 million. Five Below had a return on equity of 24.58% and a net margin of 8.74%. As a group, equities research analysts expect that Five Below will post 2.58 earnings per share for the current fiscal year.

In other Five Below news, insider David N. Makuen sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the completion of the sale, the insider now directly owns 20,863 shares in the company, valued at approximately $2,429,079.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ronald Sargent sold 31,500 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $97.60, for a total value of $3,074,400.00. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Five Below by 5.2% during the 3rd quarter. BlackRock Inc. now owns 6,575,425 shares of the specialty retailer’s stock worth $855,199,000 after buying an additional 322,174 shares in the last quarter. Vanguard Group Inc. increased its stake in Five Below by 5.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after buying an additional 261,259 shares in the last quarter. Vanguard Group Inc increased its stake in Five Below by 5.4% during the 3rd quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after buying an additional 261,259 shares in the last quarter. FMR LLC increased its stake in Five Below by 105.4% during the 2nd quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock worth $222,578,000 after buying an additional 1,168,796 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Five Below by 21.1% during the 2nd quarter. Northern Trust Corp now owns 951,983 shares of the specialty retailer’s stock worth $93,018,000 after buying an additional 166,095 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

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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