Five Below Inc (FIVE) Given Consensus Rating of “Buy” by Analysts
Shares of Five Below Inc (NASDAQ:FIVE) have been given a consensus rating of “Buy” by the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $129.44.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research restated a “hold” rating and set a $100.00 price objective on shares of Five Below in a research note on Monday, December 31st. Bank of America assumed coverage on Five Below in a research note on Monday. They set a “buy” rating and a $150.00 price objective for the company. BidaskClub cut Five Below from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Credit Suisse Group upped their price objective on Five Below from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price objective on Five Below from $118.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th.
Shares of NASDAQ FIVE traded up $0.65 during mid-day trading on Monday, reaching $135.62. 785,246 shares of the company were exchanged, compared to its average volume of 1,438,009. The stock has a market capitalization of $7.53 billion, a P/E ratio of 52.77, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60. Five Below has a 1 year low of $69.37 and a 1 year high of $136.13.
A number of large investors have recently made changes to their positions in FIVE. Janus Henderson Group PLC bought a new stake in shares of Five Below during the third quarter valued at about $348,000. United Services Automobile Association increased its position in shares of Five Below by 4.9% during the third quarter. United Services Automobile Association now owns 9,267 shares of the specialty retailer’s stock valued at $1,205,000 after buying an additional 433 shares during the period. Hsbc Holdings PLC increased its position in shares of Five Below by 9.4% during the third quarter. Hsbc Holdings PLC now owns 7,503 shares of the specialty retailer’s stock valued at $976,000 after buying an additional 646 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of Five Below during the third quarter valued at about $226,000. Finally, JPMorgan Chase & Co. increased its position in shares of Five Below by 103.9% during the third quarter. JPMorgan Chase & Co. now owns 192,075 shares of the specialty retailer’s stock valued at $24,981,000 after buying an additional 97,861 shares during the period. 95.81% of the stock is currently 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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