BidaskClub Upgrades Five Below, Inc. (FIVE) to Buy
Five Below, Inc. (NASDAQ:FIVE) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday.
A number of other equities analysts have also recently issued reports on FIVE. Vetr cut Five Below from a “buy” rating to a “hold” rating and set a $46.85 target price on the stock. in a report on Tuesday, April 11th. Loop Capital reiterated a “buy” rating and issued a $54.00 target price on shares of Five Below in a report on Wednesday, May 3rd. Gordon Haskett initiated coverage on Five Below in a report on Tuesday, May 9th. They issued an “accumulate” rating and a $57.00 target price on the stock. Jefferies Group LLC increased their target price on Five Below from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $50.00 target price on shares of Five Below in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Five Below currently has a consensus rating of “Buy” and an average target price of $53.74.
Five Below (FIVE) traded down 0.20% on Tuesday, hitting $50.17. 589,338 shares of the stock traded hands. The stock has a 50-day moving average price of $47.81 and a 200 day moving average price of $45.23. Five Below has a 12-month low of $35.03 and a 12-month high of $54.13. The stock has a market cap of $2.76 billion, a P/E ratio of 37.75 and a beta of 0.94.
Five Below (NASDAQ:FIVE) last issued its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Five Below had a return on equity of 24.02% and a net margin of 7.06%. The company had revenue of $232.90 million for the quarter, compared to analysts’ expectations of $230.75 million. During the same period last year, the business earned $0.12 EPS. Five Below’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities analysts expect that Five Below will post $1.64 EPS for the current fiscal year.
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In related news, CFO Kenneth R. Bull sold 17,300 shares of Five Below stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.90, for a total value of $932,470.00. Following the completion of the sale, the chief financial officer now owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.92% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Alps Advisors Inc. raised its stake in shares of Five Below by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,496 shares of the specialty retailer’s stock valued at $617,000 after buying an additional 32 shares during the period. LS Investment Advisors LLC raised its stake in shares of Five Below by 0.8% in the second quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock valued at $234,000 after buying an additional 39 shares during the period. First Mercantile Trust Co. raised its stake in shares of Five Below by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 40 shares during the period. Renaissance Group LLC raised its stake in shares of Five Below by 1.2% in the second quarter. Renaissance Group LLC now owns 7,927 shares of the specialty retailer’s stock valued at $391,000 after buying an additional 95 shares during the period. Finally, Torch Wealth Management LLC raised its stake in shares of Five Below by 0.5% in the first quarter. Torch Wealth Management LLC now owns 18,575 shares of the specialty retailer’s stock valued at $804,000 after buying an additional 100 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. Its product groups include leisure, fashion and home, and party and snack.
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