Five Below Inc. (FIVE) Rating Reiterated by Barclays PLC
Five Below Inc. (NASDAQ:FIVE)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays PLC in a research report issued to clients and investors on Tuesday. They presently have a $42.00 price objective on the stock. Barclays PLC’s price target indicates a potential upside of 6.71% from the stock’s current price.
Several other research firms have also issued reports on FIVE. Citigroup Inc. started coverage on Five Below in a research note on Tuesday, October 11th. They issued a “buy” rating and a $50.00 target price on the stock. Zacks Investment Research upgraded Five Below from a “sell” rating to a “hold” rating in a research note on Monday, November 21st. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $42.00 target price on shares of Five Below in a research note on Tuesday, September 6th. Jefferies Group restated a “buy” rating and set a $55.00 price target on shares of Five Below in a research note on Thursday, September 1st. Finally, BTIG Research started coverage on Five Below in a research note on Tuesday, August 23rd. They set a “neutral” rating on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.81.
Shares of Five Below (NASDAQ:FIVE) opened at 39.36 on Tuesday. The company has a 50-day moving average of $38.51 and a 200 day moving average of $43.24. Five Below has a 12-month low of $26.97 and a 12-month high of $52.70. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 34.56 and a beta of 1.02.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $220.13 million for the quarter, compared to analyst estimates of $219.60 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. Analysts predict that Five Below will post $1.31 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. bought a new stake in shares of Five Below during the third quarter valued at about $108,000. FineMark National Bank & Trust boosted its stake 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 during the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Five Below during the second quarter valued at approximately $129,000. Advisor Group Inc. raised its position in shares of Five Below by 6.0% in the third quarter. Advisor Group Inc. now owns 4,193 shares of the company’s stock valued at $168,000 after buying an additional 238 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of 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.
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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