Five Below (NASDAQ:FIVE) had its target price increased by Dougherty & Co from $68.00 to $82.00 in a report published on Tuesday, MarketBeat.com reports. Dougherty & Co currently has a buy rating on the specialty retailer’s stock. Dougherty & Co also issued estimates for Five Below’s Q4 2018 earnings at $1.14 EPS and FY2018 earnings at $1.77 EPS.
A number of other brokerages also recently issued reports on FIVE. Jefferies Group restated a buy rating and set a $85.00 price target on shares of Five Below in a report on Monday. MKM Partners raised their price target on shares of Five Below to $75.00 and gave the company a buy rating in a research report on Thursday, January 4th. Deutsche Bank raised shares of Five Below from a hold rating to a buy rating and set a $54.00 price target for the company in a research report on Wednesday, January 3rd. Morgan Stanley raised their price target on shares of Five Below from $54.00 to $58.00 and gave the company an equal weight rating in a research report on Wednesday, December 27th. Finally, BidaskClub raised shares of Five Below from a buy rating to a strong-buy rating in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $64.33.
Shares of Five Below (NASDAQ:FIVE) traded up $2.36 during trading on Tuesday, reaching $68.12. 1,370,800 shares of the company were exchanged, compared to its average volume of 1,625,000. The stock has a market cap of $3,700.00, a price-to-earnings ratio of 44.52, a PEG ratio of 1.53 and a beta of 0.84. Five Below has a 1 year low of $37.14 and a 1 year high of $73.55.
In other news, insider Eric M. Specter sold 15,000 shares of Five Below stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the completion of the sale, the insider now directly owns 13,883 shares of the company’s stock, valued at approximately $931,271.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald Sargent sold 80,000 shares of Five Below stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the sale, the director now directly owns 29,429 shares of the company’s stock, valued at $1,930,248.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,400 shares of company stock valued at $9,474,401. Corporate insiders own 2.92% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Atlantic Trust Group LLC acquired a new position in Five Below in the third quarter valued at $1,241,000. California Public Employees Retirement System grew its position in Five Below by 5.2% during the third quarter. California Public Employees Retirement System now owns 102,370 shares of the specialty retailer’s stock worth $5,618,000 after buying an additional 5,070 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in Five Below by 25.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock worth $250,000 after buying an additional 933 shares during the period. Point72 Asset Management L.P. acquired a new position in Five Below during the third quarter worth about $1,811,000. Finally, Oppenheimer Asset Management Inc. grew its position in Five Below by 2.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 82,502 shares of the specialty retailer’s stock worth $4,528,000 after buying an additional 2,349 shares during the period.
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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