Five Below Inc. (FIVE) Lowered to Hold at Zacks Investment Research
According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room décor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “
Other equities research analysts have also issued research reports about the company. MKM Partners reaffirmed a buy rating and set a $60.00 price target on shares of Five Below in a research report on Tuesday, September 13th. Citigroup Inc. reaffirmed a neutral rating on shares of Five Below in a research report on Wednesday, June 8th. Jefferies Group reaffirmed a buy rating and set a $55.00 price target on shares of Five Below in a research report on Thursday, September 1st. Royal Bank Of Canada raised their price target on Five Below from $53.00 to $54.00 and gave the stock an outperform rating in a research report on Thursday, September 1st. Finally, Deutsche Bank AG reaffirmed a hold rating and set a $46.00 price target (up previously from $39.00) on shares of Five Below in a research report on Tuesday, August 2nd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of Buy and an average price target of $47.50.
Shares of Five Below (NASDAQ:FIVE) opened at 39.60 on Monday. The company has a market cap of $2.17 billion, a PE ratio of 34.77 and a beta of 0.99. The firm’s 50-day moving average price is $43.59 and its 200-day moving average price is $43.78. Five Below has a 12 month low of $26.95 and a 12 month high of $52.70.
Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The firm had revenue of $220.13 million for the quarter, compared to analysts’ expectations of $219.60 million. During the same quarter last year, the business earned $0.13 earnings per share. The company’s revenue was up 20.8% compared to the same quarter last year. Equities analysts predict that Five Below will post $1.32 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FineMark National Bank & Trust increased its position in shares of Five Below by 10.1% in the second quarter. FineMark National Bank & Trust now owns 2,621 shares of the company’s stock valued at $122,000 after buying an additional 240 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Five Below during the second quarter valued at about $129,000. Huntington National Bank increased its stake in Five Below by 5.4% in the second quarter. Huntington National Bank now owns 3,107 shares of the company’s stock valued at $144,000 after buying an additional 158 shares during the period. Advisor Group Inc. purchased a new stake in Five Below during the second quarter valued at about $182,000. Finally, Tower Research Capital LLC TRC increased its stake in Five Below by 240.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the company’s stock valued at $189,000 after buying an additional 2,891 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. The Company’s product groups include leisure, fashion and home, and party and snack.
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