Shares of Five Below Inc (NASDAQ:FIVE) have received a consensus recommendation of “Buy” from the twenty-two analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $135.17.

FIVE has been the subject of several research analyst reports. BidaskClub lowered shares of Five Below from a “buy” rating to a “hold” rating in a report on Monday, February 25th. ValuEngine lowered shares of Five Below from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research lowered shares of Five Below from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Bank of America initiated coverage on shares of Five Below in a report on Thursday, March 7th. They issued a “buy” rating and a $140.00 price objective for the company. Finally, Oppenheimer initiated coverage on shares of Five Below in a report on Wednesday, March 6th. They issued an “outperform” rating and a $140.00 price objective for the company.

Shares of Five Below stock traded up $1.70 during trading on Tuesday, reaching $126.20. 43,146 shares of the stock were exchanged, compared to its average volume of 921,430. The firm has a market cap of $7.20 billion, a P/E ratio of 49.18, a P/E/G ratio of 1.44 and a beta of 0.81. Five Below has a 1 year low of $73.00 and a 1 year high of $148.21.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.01. The company had revenue of $602.68 million during the quarter, compared to analyst estimates of $601.53 million. Five Below had a net margin of 9.60% and a return on equity of 27.10%. Five Below’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. Sell-side analysts anticipate that Five Below will post 3.06 earnings per share for the current year.

In other Five Below news, CEO Joel D. Anderson sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the completion of the transaction, the chief executive officer now owns 192,174 shares of the company’s stock, valued at $25,186,324.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $133.60, for a total transaction of $2,004,000.00. Following the transaction, the chief accounting officer now directly owns 35,108 shares of the company’s stock, valued at approximately $4,690,428.80. The disclosure for this sale can be found here. Insiders have sold 55,381 shares of company stock valued at $7,344,004 in the last ninety days. Insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Optimum Investment Advisors bought a new stake in shares of Five Below during the first quarter valued at approximately $31,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Five Below during the fourth quarter valued at approximately $41,000. Quadrant Capital Group LLC increased its position in shares of Five Below by 74.2% during the first quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 198 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Five Below during the first quarter valued at approximately $60,000. Finally, Carroll Financial Associates Inc. increased its position in shares of Five Below by 43.9% during the first quarter. Carroll Financial Associates Inc. now owns 492 shares of the specialty retailer’s stock valued at $61,000 after acquiring an additional 150 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

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 nail polishes, lip glosses, fragrances, 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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