Five Below Inc. (FIVE) Lowered to Hold at Zacks Investment Research
According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room décor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “
FIVE has been the subject of several other research reports. Buckingham Research reissued a buy rating and set a $50.00 price target (up previously from $45.00) on shares of Five Below in a report on Tuesday, June 7th. Citigroup Inc. reissued a neutral rating on shares of Five Below in a report on Wednesday, June 8th. Deutsche Bank AG reissued a hold rating and set a $46.00 price target (up previously from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. BTIG Research initiated coverage on shares of Five Below in a report on Tuesday, August 23rd. They set a neutral rating for the company. They noted that the move was a valuation call. Finally, Royal Bank Of Canada boosted their price target on shares of Five Below from $53.00 to $54.00 and gave the company an outperform rating in a report on Thursday, September 1st. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Five Below currently has a consensus rating of Buy and an average target price of $47.50.
Five Below (NASDAQ:FIVE) opened at 39.60 on Monday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 34.77 and a beta of 0.99. Five Below has a 12-month low of $26.95 and a 12-month high of $52.70. The firm’s 50-day moving average is $43.59 and its 200 day moving average is $43.78.
Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm earned $220.13 million during the quarter, compared to the consensus estimate of $219.60 million. Five Below had a net margin of 6.93% and a return on equity of 26.01%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. Equities research analysts anticipate that Five Below will post $1.32 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Five Below by 30.5% in the first quarter. Envestnet Asset Management Inc. now owns 65,360 shares of the company’s stock worth $2,702,000 after buying an additional 15,289 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Five Below by 4.8% in the first quarter. Geode Capital Management LLC now owns 366,210 shares of the company’s stock worth $15,138,000 after buying an additional 16,800 shares during the last quarter. Riverhead Capital Management LLC bought a new stake in shares of Five Below during the first quarter worth about $291,000. Quadrature Capital Ltd boosted its stake in shares of Five Below by 110.5% in the first quarter. Quadrature Capital Ltd now owns 48,092 shares of the company’s stock worth $1,988,000 after buying an additional 25,244 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Five Below by 34.3% in the first quarter. UBS Asset Management Americas Inc. now owns 237,505 shares of the company’s stock worth $9,819,000 after buying an additional 60,719 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. The Company’s product groups include leisure, fashion and home, and party and snack.
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