Loop Capital Analysts Give Five Below, Inc. (FIVE) a $60.00 Price Target
Other analysts have also recently issued research reports about the company. Jefferies Group LLC lifted their price target on Five Below from $55.00 to $62.00 and gave the stock a buy rating in a research report on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a buy rating and set a $50.00 price target on shares of Five Below in a research report on Monday, May 15th. UBS AG lifted their price target on Five Below from $50.00 to $59.00 and gave the stock a buy rating in a research report on Friday, June 2nd. Guggenheim reaffirmed a buy rating and set a $60.00 price target (up previously from $52.00) on shares of Five Below in a research report on Saturday, June 3rd. Finally, BidaskClub cut Five Below from a buy rating to a hold rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $53.56.
Shares of Five Below (FIVE) opened at 47.57 on Monday. The stock’s 50 day moving average is $48.40 and its 200 day moving average is $46.62. The firm has a market cap of $2.62 billion, a P/E ratio of 35.79 and a beta of 0.94. Five Below has a 12 month low of $35.03 and a 12 month high of $54.13. Five Below also saw unusually large options trading on Wednesday. Stock investors bought 7,306 put options on the company. This is an increase of approximately 818% compared to the average daily volume of 796 put options.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 25.30% and a net margin of 7.29%. The company had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm’s revenue was up 28.7% compared to the same quarter last year. Equities research analysts expect that Five Below will post $1.65 EPS for the current year.
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In related news, CFO Kenneth R. Bull sold 17,300 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.22% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position 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. boosted its position 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. boosted its position 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 boosted its position 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 boosted its position 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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