Zacks Investment Research cut shares of Five Below Inc. (NASDAQ:FIVE) from a hold rating to a sell rating in a report published on Monday.

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 d├ęcor 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. “

A number of other equities research analysts have also recently weighed in on FIVE. RBC Capital Markets reaffirmed an outperform rating and set a $54.00 price target (up from $53.00) on shares of Five Below in a 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 company an outperform rating in a report on Thursday, September 1st. Longbow Research began coverage on Five Below in a report on Wednesday, October 26th. They set a buy rating and a $45.00 price target for the company. Citigroup Inc. began coverage on Five Below in a report on Tuesday, October 11th. They set a buy rating and a $50.00 price target for the company. Finally, Deutsche Bank AG reaffirmed a hold rating and set a $46.00 price target (up from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $47.81.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Five Below (NASDAQ:FIVE) opened at 39.36 on Monday. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 34.56 and a beta of 1.02. The company’s 50-day moving average price is $38.51 and its 200 day moving average price is $43.24. Five Below has a 52-week low of $26.97 and a 52-week high of $52.70.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share for the quarter, beating 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 earned $220.13 million during the quarter, compared to analysts’ expectations of $219.60 million. During the same period last year, the firm posted $0.13 EPS. The business’s revenue was up 20.8% on a year-over-year basis. Equities analysts predict that Five Below will post $1.31 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC acquired a new position in Five Below during the first quarter valued at $291,000. 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 valued at $15,138,000 after buying an additional 16,800 shares in the last quarter. 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 valued at $1,301,000 after buying an additional 17,428 shares in the last quarter. Logan Capital Management Inc. raised its position in Five Below by 15.0% in the first quarter. Logan Capital Management Inc. now owns 19,902 shares of the company’s stock valued at $823,000 after buying an additional 2,600 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Five Below by 19.6% in the second quarter. BNP Paribas Arbitrage SA now owns 61,723 shares of the company’s stock valued at $2,865,000 after buying an additional 10,127 shares in the last quarter.

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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