Five Below (FIVE) PT Raised to $82.00

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.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. The firm had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. Five Below’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. equities research analysts expect that Five Below will post 1.78 EPS for the current fiscal year.

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.

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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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