Five Below Inc. (NASDAQ:FIVE) Given Consensus Rating of “Buy” by Brokerages
Shares of Five Below Inc. (NASDAQ:FIVE) have been given an average rating of “Buy” by the eighteen analysts that are covering the company. Eight research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $48.50.
FIVE has been the topic of several research analyst reports. BTIG Research initiated coverage on shares of Five Below in a research report on Tuesday, August 23rd. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Zacks Investment Research cut shares of Five Below from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Barclays PLC initiated coverage on shares of Five Below in a research report on Friday, September 23rd. They set an “equal weight” rating and a $42.00 price target on the stock. MKM Partners reaffirmed a “buy” rating and set a $60.00 price target on shares of Five Below in a research report on Monday, September 5th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $42.00 target price on shares of Five Below in a report on Tuesday, September 6th.
Several hedge funds and other institutional investors have recently bought and sold shares of FIVE. Barclays PLC raised its position in Five Below by 121.7% in the first quarter. Barclays PLC now owns 31,751 shares of the company’s stock worth $1,301,000 after buying an additional 17,428 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Five Below by 30.5% in the first quarter. Envestnet Asset Management Inc. now owns 65,360 shares of the company’s stock worth $2,702,000 after buying an additional 15,289 shares in the last quarter. Geode Capital Management LLC raised its position in Five Below by 4.8% in the first quarter. Geode Capital Management LLC now owns 366,210 shares of the company’s stock worth $15,138,000 after buying an additional 16,800 shares in the last quarter. Riverhead Capital Management LLC bought a new position in Five Below during the first quarter worth approximately $291,000. Finally, Quadrature Capital Ltd raised its position in Five Below by 110.5% in the first quarter. Quadrature Capital Ltd now owns 48,092 shares of the company’s stock worth $1,988,000 after buying an additional 25,244 shares in the last quarter.
Shares of Five Below (NASDAQ:FIVE) traded down 1.23% during midday trading on Monday, hitting $40.02. The stock had a trading volume of 301,883 shares. The firm has a 50 day moving average of $42.72 and a 200-day moving average of $43.72. Five Below has a one year low of $26.95 and a one year high of $52.70. The company has a market cap of $2.20 billion, a P/E ratio of 35.14 and a beta of 0.99.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Five Below had a net margin of 6.93% and a return on equity of 26.01%. The business had revenue of $220.13 million for the quarter, compared to analysts’ expectations of $219.60 million. During the same quarter last year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, analysts forecast that Five Below will post $1.32 earnings per share for the current fiscal year.
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. The Company’s product groups include leisure, fashion and home, and party and snack.
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