Five Below Inc (FIVE) Given Consensus Rating of “Buy” by Brokerages
Shares of Five Below Inc (NASDAQ:FIVE) have been assigned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $65.24.
A number of equities research analysts recently commented on the stock. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. KeyCorp restated a “hold” rating on shares of Five Below in a research note on Friday, November 10th. Gordon Haskett lowered shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 price target on the stock. in a research note on Friday, December 1st. Morgan Stanley upped their price target on shares of Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 27th. Finally, Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Thursday, November 30th.
In other news, Director Ronald Sargent sold 80,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total value of $5,247,200.00. Following the sale, the director now owns 29,429 shares in the company, valued at $1,930,248.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joel D. Anderson sold 20,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $67.00, for a total transaction of $1,340,000.00. Following the completion of the sale, the chief executive officer now owns 127,693 shares in the company, valued at approximately $8,555,431. The disclosure for this sale can be found here. Insiders sold 143,400 shares of company stock worth $9,474,401 in the last quarter. Company insiders own 2.92% of the company’s stock.
Five Below (NASDAQ FIVE) traded down $0.32 during trading hours on Tuesday, reaching $64.35. 884,150 shares of the company were exchanged, compared to its average volume of 1,150,000. Five Below has a 12 month low of $37.14 and a 12 month high of $73.55. The stock has a market capitalization of $3,550.00, a PE ratio of 42.06, a price-to-earnings-growth ratio of 0.91 and a beta of 0.67.
Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating the Zacks’ 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 company had revenue of $257.18 million during the quarter, compared to analysts’ expectations of $246.04 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. Five Below’s revenue for the quarter was up 28.9% compared to the same quarter last year. analysts expect that Five Below will post 1.81 EPS for the current year.
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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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