Five Below (FIVE) Rating Reiterated by Barclays
Five Below (NASDAQ:FIVE)‘s stock had its “hold” rating reissued by stock analysts at Barclays in a note issued to investors on Sunday. They currently have a $60.00 price target on the specialty retailer’s stock. Barclays’ price target would indicate a potential downside of 7.69% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Jefferies Group restated a “buy” rating and issued a $62.00 target price on shares of Five Below in a report on Wednesday, August 23rd. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Gordon Haskett cut Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 target price on the stock. in a report on Friday. Buckingham Research lifted their target price on Five Below from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Friday. Finally, KeyCorp restated a “hold” rating on shares of Five Below in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $60.91.
Five Below (NASDAQ FIVE) opened at $65.00 on Friday. The stock has a market capitalization of $3,590.00, a price-to-earnings ratio of 40.20, a P/E/G ratio of 1.21 and a beta of 0.85. Five Below has a 1-year low of $36.90 and a 1-year high of $65.48.
Five Below (NASDAQ:FIVE) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $257.18 million for the quarter, compared to analysts’ expectations of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. research analysts forecast that Five Below will post 1.78 EPS for the current year.
In other news, insider Thomas Vellios sold 142,573 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the sale, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.92% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. boosted its position in Five Below by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 40 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Five Below during the second quarter valued at $205,000. Strs Ohio boosted its position in Five Below by 40.0% during the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock valued at $207,000 after purchasing an additional 1,200 shares during the last quarter. Miles Capital Inc. acquired a new stake in Five Below during the second quarter valued at $210,000. Finally, Riverhead Capital Management LLC boosted its position in Five Below by 73.2% during the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock valued at $214,000 after purchasing an additional 1,829 shares during the last quarter.
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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