Five Below, Inc. (FIVE) Receives “Buy” Rating from Jefferies Group LLC
Jefferies Group LLC restated their buy rating on shares of Five Below, Inc. (NASDAQ:FIVE) in a report released on Thursday morning. Jefferies Group LLC currently has a $62.00 target price on the specialty retailer’s stock.
Several other research analysts have also recently weighed in on FIVE. UBS AG upped their price target on shares of Five Below from $50.00 to $59.00 and gave the company a buy rating in a report on Friday, June 2nd. Deutsche Bank AG upped their price target on shares of Five Below from $53.00 to $54.00 and gave the company a hold rating in a report on Thursday. BidaskClub upgraded shares of Five Below from a hold rating to a buy rating in a report on Tuesday, August 8th. Dougherty & Co reiterated a buy rating on shares of Five Below in a report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Five Below from a hold rating to a buy rating and set a $55.00 price target for the company in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. Five Below currently has a consensus rating of Buy and a consensus price target of $54.03.
Five Below (NASDAQ FIVE) traded down 0.06% during trading on Thursday, reaching $47.54. 478,949 shares of the company were exchanged. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 35.77 and a beta of 0.94. The firm has a 50-day moving average of $48.40 and a 200-day moving average of $46.62. Five Below has a 52-week low of $35.03 and a 52-week high of $54.13. Five Below also saw some unusual options trading activity on Wednesday. Stock traders acquired 7,306 put options on the stock. This represents an increase of approximately 818% compared to the average daily volume of 796 put options.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 25.30%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities analysts forecast that Five Below will post $1.67 EPS for the current year.
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In related news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares in the company, valued at $4,125,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.22% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Five Below by 9.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock valued at $12,041,000 after buying an additional 25,041 shares during the last quarter. Suffolk Capital Management LLC acquired a new position in shares of Five Below during the first quarter valued at approximately $1,300,000. Gotham Asset Management LLC acquired a new position in shares of Five Below during the first quarter valued at approximately $1,321,000. Quantitative Systematic Strategies LLC boosted its position in shares of Five Below by 91.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock valued at $562,000 after buying an additional 5,584 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Five Below during the first quarter valued at approximately $514,000.
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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