Five Below (NASDAQ:FIVE) Cut to Buy at ValuEngine

ValuEngine downgraded shares of Five Below (NASDAQ:FIVE) from a strong-buy rating to a buy rating in a research report released on Monday morning, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Buckingham Research upped their target price on Five Below from $135.00 to $145.00 and gave the company a buy rating in a report on Thursday, March 28th. BidaskClub raised Five Below from a hold rating to a buy rating in a report on Tuesday, April 16th. Morgan Stanley upped their target price on Five Below from $128.00 to $140.00 and gave the company an overweight rating in a report on Wednesday, April 24th. UBS Group upped their target price on Five Below from $120.00 to $132.00 and gave the company a neutral rating in a report on Monday, June 3rd. Finally, Bank of America reaffirmed a buy rating and set a $150.00 target price on shares of Five Below in a report on Thursday, June 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $135.17.

Shares of Five Below stock opened at $118.50 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.89. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The company has a fifty day moving average price of $129.53. Five Below has a fifty-two week low of $86.57 and a fifty-two week high of $148.21.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $364.76 million during the quarter, compared to analyst estimates of $362.28 million. Five Below had a return on equity of 25.21% and a net margin of 9.43%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, equities research analysts expect that Five Below will post 3.06 EPS for the current year.

In related news, CEO Joel D. Anderson sold 30,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $131.06, for a total value of $3,931,800.00. Following the completion of the sale, the chief executive officer now directly owns 192,174 shares of the company’s stock, valued at approximately $25,186,324.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen S. Barclay sold 2,500 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $140.86, for a total value of $352,150.00. Following the completion of the sale, the director now directly owns 13,135 shares of the company’s stock, valued at $1,850,196.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,484 shares of company stock valued at $8,268,317. Company insiders own 2.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Magnus Financial Group LLC purchased a new stake in Five Below in the 4th quarter worth about $233,000. Macquarie Group Ltd. increased its position in Five Below by 47.6% in the 4th quarter. Macquarie Group Ltd. now owns 780,442 shares of the specialty retailer’s stock worth $79,855,000 after purchasing an additional 251,655 shares during the last quarter. Intrust Bank NA increased its position in Five Below by 15.8% in the 1st quarter. Intrust Bank NA now owns 5,598 shares of the specialty retailer’s stock worth $695,000 after purchasing an additional 762 shares during the last quarter. Lisanti Capital Growth LLC increased its position in Five Below by 78.8% in the 4th quarter. Lisanti Capital Growth LLC now owns 26,460 shares of the specialty retailer’s stock worth $2,707,000 after purchasing an additional 11,660 shares during the last quarter. Finally, GYL Financial Synergies LLC acquired a new position in Five Below in the 1st quarter worth about $889,000. 95.60% of the stock is owned by hedge funds and other institutional investors.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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