Loop Capital set a $60.00 price target on Five Below, Inc. (NASDAQ:FIVE) in a research note published on Monday morning. The brokerage currently has a buy rating on the specialty retailer’s stock.

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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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