Zacks Investment Research lowered shares of Five Below Inc. (NASDAQ:FIVE) from a buy rating to a hold rating in a research note issued to investors on Monday.

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 d├ęcor 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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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.

5 Day Chart for NASDAQ:FIVE

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