KeyCorp Reaffirms Hold Rating for Five Below, Inc. (FIVE)

KeyCorp reiterated their hold rating on shares of Five Below, Inc. (NASDAQ:FIVE) in a research note released on Friday.

Other analysts have also issued research reports about the stock. Jefferies Group LLC reiterated a buy rating and issued a $62.00 target price on shares of Five Below in a research note on Wednesday, August 23rd. BidaskClub upgraded shares of Five Below from a hold rating to a buy rating in a research note on Tuesday, August 8th. Wells Fargo & Company assumed coverage on shares of Five Below in a research note on Friday, November 3rd. They issued an outperform rating and a $65.00 target price for the company. Zacks Investment Research upgraded shares of Five Below from a hold rating to a buy rating and set a $55.00 target price for the company in a research note on Thursday, September 7th. Finally, Buckingham Research reiterated a buy rating and issued a $62.00 target price on shares of Five Below in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $55.66.

Shares of Five Below (FIVE) opened at $57.53 on Friday. Five Below has a one year low of $36.90 and a one year high of $58.34. The company has a market cap of $3,175.64, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm had revenue of $283.30 million during the quarter, compared to analyst estimates of $276.37 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue was up 28.7% compared to the same quarter last year. equities analysts forecast that Five Below will post 1.66 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/11/13/keycorp-reaffirms-hold-rating-for-five-below-inc-five.html.

In other Five Below news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the sale, the insider now directly owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.92% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIVE. First Mercantile Trust Co. lifted its holdings in Five Below by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 40 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Five Below during the second quarter valued at about $205,000. Strs Ohio lifted its holdings in Five Below by 40.0% during the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock valued at $207,000 after purchasing an additional 1,200 shares during the last quarter. Miles Capital Inc. purchased a new stake in Five Below during the second quarter valued at about $210,000. Finally, Riverhead Capital Management LLC lifted its holdings in Five Below by 73.2% during the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock valued at $214,000 after purchasing an additional 1,829 shares during the last quarter.

Five Below Company Profile

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)

Receive News & Ratings for Five Below Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply