BidaskClub Upgrades Five Below (NASDAQ:FIVE) to “Hold”

Five Below (NASDAQ:FIVE) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, BidAskClub reports.

Several other equities research analysts have also issued reports on FIVE. Zacks Investment Research lowered Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. Evercore ISI initiated coverage on Polarityte in a research report on Wednesday, March 20th. They set an “outperform” rating and a $26.00 price target on the stock. Buckingham Research set a $136.00 price target on WABCO and gave the company a “hold” rating in a research report on Thursday, March 28th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $120.00 price target on shares of Five Below in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $134.89.

NASDAQ:FIVE traded up $2.42 during trading hours on Tuesday, hitting $129.96. 579,217 shares of the company’s stock traded hands, compared to its average volume of 1,089,615. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 50.57, a P/E/G ratio of 1.51 and a beta of 0.67. Five Below has a 52 week low of $86.57 and a 52 week high of $148.21. The company has a fifty day moving average of $127.85. The company has a current ratio of 1.89, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The company 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 firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. As a group, equities research analysts anticipate that Five Below will post 3.06 earnings per share for the current fiscal year.

In other news, EVP Michael Romanko sold 7,881 shares of Five Below stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $134.00, for a total value of $1,056,054.00. Following the transaction, the executive vice president now owns 27,907 shares in the company, valued at $3,739,538. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Eric M. Specter sold 15,000 shares of Five Below stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $133.60, for a total value of $2,004,000.00. Following the completion of the transaction, the chief accounting officer now owns 35,108 shares in the company, valued at approximately $4,690,428.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,484 shares of company stock worth $4,336,517. Company insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optimum Investment Advisors purchased a new position in shares of Five Below in the first quarter worth about $31,000. Quadrant Capital Group LLC increased its holdings in shares of Five Below by 74.2% in the first quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock worth $55,000 after buying an additional 198 shares during the period. Icon Wealth Partners LLC purchased a new position in shares of Five Below in the first quarter worth about $60,000. Carroll Financial Associates Inc. increased its holdings in shares of Five Below by 43.9% in the first quarter. Carroll Financial Associates Inc. now owns 492 shares of the specialty retailer’s stock worth $61,000 after buying an additional 150 shares during the period. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Five Below by 15.2% in the first quarter. Rehmann Capital Advisory Group now owns 598 shares of the specialty retailer’s stock worth $74,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 95.60% of the company’s stock.

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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