Five Below (FIVE) Price Target Cut to $115.00 by Analysts at Credit Suisse Group
Five Below (NASDAQ:FIVE) had its target price reduced by equities researchers at Credit Suisse Group from $125.00 to $115.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Credit Suisse Group’s price target points to a potential upside of 20.32% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Tuesday, August 21st. Dougherty & Co downgraded shares of Five Below from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Citigroup increased their target price on shares of Five Below from $117.00 to $133.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Finally, Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $119.00.
Five Below stock opened at $95.58 on Thursday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52. Five Below has a one year low of $60.00 and a one year high of $136.13.
In other Five Below news, EVP Michael Romanko sold 3,308 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $126.00, for a total transaction of $416,808.00. Following the completion of the sale, the executive vice president now directly owns 18,092 shares in the company, valued at $2,279,592. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David N. Makuen sold 12,000 shares of the company’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the sale, the insider now owns 20,863 shares of the company’s stock, valued at $2,429,079.09. The disclosure for this sale can be found here. Insiders have sold 19,303 shares of company stock valued at $2,346,022 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its stake in shares of Five Below by 75.5% in the third quarter. Prudential Financial Inc. now owns 160,132 shares of the specialty retailer’s stock valued at $20,827,000 after buying an additional 68,887 shares during the period. GWM Advisors LLC bought a new stake in shares of Five Below in the third quarter valued at about $396,000. American International Group Inc. lifted its stake in shares of Five Below by 324.0% in the second quarter. American International Group Inc. now owns 146,505 shares of the specialty retailer’s stock valued at $14,315,000 after buying an additional 111,954 shares during the period. Private Advisor Group LLC lifted its stake in shares of Five Below by 44.9% in the third quarter. Private Advisor Group LLC now owns 12,432 shares of the specialty retailer’s stock valued at $1,617,000 after buying an additional 3,853 shares during the period. Finally, Cerebellum GP LLC bought a new stake in shares of Five Below in the third quarter valued at about $184,000. Institutional investors and hedge funds own 95.42% of the company’s stock.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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