Five Below (NASDAQ:FIVE) Receives “Neutral” Rating from Barclays
A number of other analysts have also recently commented on the stock. Credit Suisse Group upped their price objective on shares of Five Below from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. UBS Group lowered their price objective on shares of Five Below from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Royal Bank of Canada upped their price objective on shares of Five Below from $126.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday. Deutsche Bank set a $146.00 price objective on shares of Five Below and gave the company a “buy” rating in a research report on Monday. Finally, Bank of America set a $150.00 price objective on shares of Five Below and gave the company a “buy” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Five Below presently has a consensus rating of “Buy” and an average target price of $134.72.
Shares of FIVE stock traded down $2.36 during trading hours on Friday, reaching $123.35. The company had a trading volume of 315,168 shares, compared to its average volume of 1,154,552. The company has a 50 day moving average of $116.69 and a 200 day moving average of $125.33. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 47.99, a P/E/G ratio of 1.47 and a beta of 0.64. Five Below has a 1-year low of $86.57 and a 1-year high of $148.21.
In other Five Below news, CFO Kenneth R. Bull sold 7,103 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total transaction of $924,313.39. Following the completion of the transaction, the chief financial officer now owns 79,227 shares in the company, valued at approximately $10,309,809.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado increased its holdings in Five Below by 28.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,867 shares of the specialty retailer’s stock worth $824,000 after purchasing an additional 1,510 shares in the last quarter. Waratah Capital Advisors Ltd. bought a new position in shares of Five Below in the 2nd quarter valued at about $1,210,000. Creative Planning grew its holdings in shares of Five Below by 69.4% in the 2nd quarter. Creative Planning now owns 4,205 shares of the specialty retailer’s stock valued at $505,000 after acquiring an additional 1,722 shares in the last quarter. Zions Bancorporation N.A. bought a new position in shares of Five Below in the 2nd quarter valued at about $213,000. Finally, Accuvest Global Advisors grew its holdings in shares of Five Below by 100.5% in the 2nd quarter. Accuvest Global Advisors now owns 10,870 shares of the specialty retailer’s stock valued at $1,305,000 after acquiring an additional 5,448 shares in the last quarter. Hedge funds and other institutional investors own 95.41% of the company’s stock.
Five Below Company Profile
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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