BidaskClub Upgrades Five Below, Inc. (NASDAQ:FIVE) to Buy

Five Below, Inc. (NASDAQ:FIVE) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts also recently issued reports on FIVE. UBS AG lifted their price target on shares of Five Below from $50.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, June 2nd. BTIG Research reiterated a “neutral” rating on shares of Five Below in a research report on Saturday, June 3rd. Loop Capital reiterated a “buy” rating and set a $60.00 price target (up from $54.00) on shares of Five Below in a research report on Friday, June 2nd. Guggenheim reiterated a “buy” rating and set a $60.00 price target (up from $52.00) on shares of Five Below in a research report on Saturday, June 3rd. Finally, KeyCorp reiterated an “overweight” rating and set a $58.00 price target on shares of Five Below in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Five Below has an average rating of “Buy” and a consensus price target of $53.74.

Shares of Five Below (FIVE) traded down 0.20% during trading on Tuesday, hitting $50.17. The stock had a trading volume of 589,338 shares. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 37.75 and a beta of 0.94. The stock’s 50-day moving average is $47.81 and its 200-day moving average is $45.23. Five Below has a 12-month low of $35.03 and a 12-month high of $54.13.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $232.90 million during the quarter, compared to the consensus estimate of $230.75 million. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share. On average, equities research analysts expect that Five Below will post $1.64 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 on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the completion of the sale, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.92% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of FIVE. BlackRock Inc. raised its position in shares of 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 in the last quarter. Vanguard Group Inc. raised its position in shares of 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 in the last quarter. Jennison Associates LLC raised its position in shares of 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 in the last quarter. State Street Corp raised its position in shares of Five Below by 6.1% in the first quarter. State Street Corp now owns 1,395,427 shares of the specialty retailer’s stock worth $60,437,000 after buying an additional 79,961 shares in the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of Five Below by 5.2% in the second quarter. GW&K Investment Management LLC now owns 1,272,705 shares of the specialty retailer’s stock worth $62,833,000 after buying an additional 62,358 shares in 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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