Five Below (FIVE) Price Target Raised to $82.00
Five Below (NASDAQ:FIVE) had its target price boosted by Dougherty & Co from $68.00 to $82.00 in a research note released on Tuesday morning, Marketbeat reports. The brokerage currently has a buy rating on the specialty retailer’s stock. Dougherty & Co also issued estimates for Five Below’s Q4 2018 earnings at $1.14 EPS and FY2018 earnings at $1.77 EPS.
Several other analysts have also recently weighed in on the stock. MKM Partners upped their price objective on shares of Five Below to $75.00 and gave the stock a buy rating in a research note on Thursday, January 4th. Deutsche Bank raised shares of Five Below from a hold rating to a buy rating and set a $54.00 price objective on the stock in a research note on Wednesday, January 3rd. Morgan Stanley upped their price objective on shares of Five Below from $54.00 to $58.00 and gave the stock an equal weight rating in a research note on Wednesday, December 27th. Jefferies Group reaffirmed a buy rating and set a $85.00 price objective on shares of Five Below in a research note on Monday, January 8th. Finally, BidaskClub raised shares of Five Below from a buy rating to a strong-buy rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $64.33.
Five Below (NASDAQ:FIVE) traded down $1.19 during trading hours on Tuesday, reaching $66.93. 899,200 shares of the company traded hands, compared to its average volume of 1,082,115. Five Below has a 52-week low of $37.14 and a 52-week high of $73.55. The firm has a market capitalization of $3,762.62, a price-to-earnings ratio of 43.75, a PEG ratio of 1.33 and a beta of 0.84.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The firm had revenue of $257.18 million during the quarter, compared to analyst estimates of $246.04 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. research analysts forecast that Five Below will post 1.79 earnings per share for the current year.
In other news, CFO Kenneth R. Bull sold 15,946 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $66.00, for a total transaction of $1,052,436.00. Following the sale, the chief financial officer now directly owns 59,544 shares of the company’s stock, valued at $3,929,904. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Sargent sold 80,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the sale, the director now directly owns 29,429 shares in the company, valued at $1,930,248.11. The disclosure for this sale can be found here. Insiders have sold 143,400 shares of company stock worth $9,474,401 over the last three months. 3.22% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of Five Below by 24.1% during the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after purchasing an additional 412,641 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in Five Below by 8.9% in the third quarter. Emerald Advisers Inc. PA now owns 598,025 shares of the specialty retailer’s stock valued at $32,820,000 after acquiring an additional 48,974 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Five Below in the second quarter valued at approximately $588,000. Prudential Financial Inc. boosted its stake in Five Below by 82.4% in the second quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock valued at $8,685,000 after acquiring an additional 79,480 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Five Below by 42.2% in the second quarter. Macquarie Group Ltd. now owns 776,034 shares of the specialty retailer’s stock valued at $38,313,000 after acquiring an additional 230,191 shares during the last quarter.
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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. Its product groups include leisure, fashion and home, and party and snack.
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