Five Below Inc. (FIVE) Now Covered by Analysts at Citigroup Inc.
Citigroup Inc. began coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a research report sent to investors on Tuesday morning. The firm issued a buy rating and a $50.00 target price on the stock.
Several other brokerages also recently issued reports on FIVE. Zacks Investment Research upgraded Five Below from a hold rating to a buy rating and set a $53.00 price objective on the stock in a research report on Friday, July 15th. Deutsche Bank AG restated a hold rating and issued a $46.00 price objective (up from $39.00) on shares of Five Below in a research report on Tuesday, August 2nd. BTIG Research initiated coverage on Five Below in a research report on Tuesday, August 23rd. They issued a neutral rating on the stock. They noted that the move was a valuation call. Royal Bank Of Canada upped their price objective on Five Below from $53.00 to $54.00 and gave the company an outperform rating in a research report on Thursday, September 1st. Finally, Jefferies Group restated a buy rating and issued a $55.00 price objective on shares of Five Below in a research report on Thursday, September 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Five Below currently has an average rating of Buy and an average price target of $47.67.
Shares of Five Below (NASDAQ:FIVE) traded down 0.13% on Tuesday, hitting $38.95. The stock had a trading volume of 191,155 shares. Five Below has a 12 month low of $26.95 and a 12 month high of $52.70. The firm has a 50 day moving average of $42.30 and a 200 day moving average of $43.73. The stock has a market cap of $2.14 billion, a P/E ratio of 34.20 and a beta of 0.99.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $220.13 million for the quarter, compared to the consensus estimate of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. Five Below’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. On average, equities analysts forecast that Five Below will post $1.32 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in Five Below by 65.6% in the third quarter. BNP Paribas Arbitrage SA now owns 102,219 shares of the company’s stock worth $4,118,000 after buying an additional 40,496 shares during the period. Mason Street Advisors LLC bought a new stake in Five Below during the second quarter worth about $496,000. Royal Bank of Canada raised its stake in Five Below by 72.4% in the second quarter. Royal Bank of Canada now owns 115,823 shares of the company’s stock worth $5,375,000 after buying an additional 48,659 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Five Below by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 234,679 shares of the company’s stock worth $10,892,000 after buying an additional 2,946 shares during the period. Finally, Amalgamated Bank raised its stake in Five Below by 8.1% in the second quarter. Amalgamated Bank now owns 6,199 shares of the company’s stock worth $312,000 after buying an additional 464 shares during the period.
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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