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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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