Shares of Five Below Inc (NASDAQ:FIVE) have been assigned a consensus recommendation of “Buy” from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $64.72.
FIVE has been the topic of a number of analyst reports. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Wells Fargo & Co initiated coverage on shares of Five Below in a report on Friday, November 3rd. They set an “outperform” rating and a $65.00 price objective on the stock. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. KeyCorp reaffirmed a “hold” rating on shares of Five Below in a report on Friday, November 10th. Finally, Loop Capital downgraded shares of Five Below from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a report on Monday, November 20th.
Five Below (FIVE) traded up $0.73 during midday trading on Friday, reaching $67.52. 677,718 shares of the company traded hands, compared to its average volume of 1,150,000. Five Below has a twelve month low of $37.14 and a twelve month high of $73.55. The firm has a market cap of $3,730.00, a P/E ratio of 44.13, a P/E/G ratio of 1.29 and a beta of 0.84.
In other news, CEO Joel D. Anderson sold 20,000 shares of Five Below stock in a transaction on Friday, December 8th. The stock was sold at an average price of $67.00, for a total transaction of $1,340,000.00. Following the sale, the chief executive officer now directly owns 127,693 shares in the company, valued at approximately $8,555,431. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric M. Specter sold 15,000 shares of Five Below stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $67.08, for a total value of $1,006,200.00. Following the sale, the insider now owns 13,883 shares in the company, valued at $931,271.64. The disclosure for this sale can be found here. Insiders have sold a total of 143,400 shares of company stock worth $9,474,401 over the last quarter. Company insiders own 3.22% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Five Below by 2.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 310,072 shares of the specialty retailer’s stock worth $20,564,000 after purchasing an additional 8,416 shares during the period. Wasatch Advisors Inc. raised its stake in shares of Five Below by 7.5% during the 4th quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock worth $138,056,000 after purchasing an additional 144,473 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Five Below by 5.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the specialty retailer’s stock worth $1,572,000 after purchasing an additional 1,300 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Five Below by 87.4% during the 4th quarter. Sheets Smith Wealth Management now owns 10,804 shares of the specialty retailer’s stock worth $717,000 after purchasing an additional 5,040 shares during the period. Finally, Atlantic Trust Group LLC bought a new stake in shares of Five Below during the 3rd quarter worth $1,241,000.
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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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