Five Below Inc. (FIVE) Cut to Sell 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. “
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.
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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