Five Below’s (FIVE) “Buy” Rating Reaffirmed at Buckingham Research
Buckingham Research reissued their buy rating on shares of Five Below, Inc. (NASDAQ:FIVE) in a report issued on Friday morning. Buckingham Research currently has a $62.00 price objective on the specialty retailer’s stock.
FIVE has been the subject of a number of other research reports. Royal Bank Of Canada upped their price objective on shares of Five Below from $56.00 to $57.00 and gave the stock an outperform rating in a research report on Thursday. Zacks Investment Research upgraded shares of Five Below from a hold rating to a buy rating and set a $55.00 price objective for the company in a research report on Wednesday, August 23rd. Gordon Haskett began coverage on shares of Five Below in a research report on Tuesday, May 9th. They issued an accumulate rating and a $57.00 price objective for the company. Jefferies Group LLC reiterated a buy rating and issued a $62.00 price objective on shares of Five Below in a research report on Thursday. Finally, BidaskClub upgraded shares of Five Below from a hold rating to a buy rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $54.03.
Five Below (NASDAQ:FIVE) traded up 0.90% during midday trading on Friday, reaching $48.00. The company’s stock had a trading volume of 1,241,718 shares. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 36.12 and a beta of 0.93. The stock’s 50 day moving average price is $48.44 and its 200-day moving average price is $46.69. Five Below has a one year low of $35.03 and a one year high of $54.13. Five Below also was the target of unusually large options trading activity on Wednesday. Stock investors acquired 7,306 put options on the company. This represents an increase of approximately 818% compared to the typical volume of 796 put options.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $283.30 million during the quarter, compared to the consensus estimate of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, analysts forecast that Five Below will post $1.67 EPS for the current fiscal year.
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In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the sale, the chief financial officer now owns 76,544 shares in the company, valued at approximately $4,125,721.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.22% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock worth $295,641,000 after buying an additional 6,800,982 shares during the last quarter. Vanguard Group Inc. increased its stake in Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock worth $208,404,000 after buying an additional 235,589 shares during the last quarter. Wasatch Advisors Inc. increased its stake in Five Below by 2.7% in the second quarter. Wasatch Advisors Inc. now owns 1,949,049 shares of the specialty retailer’s stock worth $96,225,000 after buying an additional 52,041 shares during the last quarter. Jennison Associates LLC increased its stake in Five Below by 27.3% in the second quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock worth $84,493,000 after buying an additional 367,235 shares during the last quarter. Finally, State Street Corp increased its stake in Five Below by 2.8% in the second quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock worth $70,796,000 after buying an additional 38,532 shares during the last quarter.
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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