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.
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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.
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