Equities researchers at KeyCorp assumed coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a research note issued on Wednesday. The firm set an “overweight” rating on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Friday, July 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 target price (up previously from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. BTIG Research initiated coverage on Five Below in a research note on Tuesday, August 23rd. They issued a “neutral” rating for the company. They noted that the move was a valuation call. Royal Bank Of Canada increased their price objective on Five Below from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, September 1st. Finally, Jefferies Group reissued a “buy” rating and issued a $55.00 price objective on shares of Five Below in a research note on Thursday, September 1st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.67.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Five Below (NASDAQ:FIVE) traded down 0.28% during trading on Wednesday, reaching $38.89. The company had a trading volume of 800,966 shares. The firm has a market capitalization of $2.13 billion, a PE ratio of 34.14 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 price is $42.30 and its 200 day moving average price is $43.73.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The company earned $220.13 million during the quarter, compared to analysts’ expectations of $219.60 million. During the same quarter in the previous year, the firm earned $0.13 EPS. Five Below’s revenue was up 20.8% on a year-over-year basis. Analysts anticipate that Five Below will post $1.32 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Five Below by 6.7% in the second quarter. Vanguard Group Inc. now owns 4,320,333 shares of the company’s stock valued at $200,507,000 after buying an additional 272,191 shares in the last quarter. BlackRock Fund Advisors raised its stake in Five Below by 2.3% in the second quarter. BlackRock Fund Advisors now owns 3,494,211 shares of the company’s stock valued at $162,166,000 after buying an additional 78,584 shares in the last quarter. Capital Research Global Investors raised its stake in Five Below by 2.7% in the second quarter. Capital Research Global Investors now owns 2,746,220 shares of the company’s stock valued at $127,452,000 after buying an additional 72,000 shares in the last quarter. Janus Capital Management LLC raised its stake in Five Below by 1.5% in the second quarter. Janus Capital Management LLC now owns 1,587,416 shares of the company’s stock valued at $73,672,000 after buying an additional 24,179 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Five Below by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,363,274 shares of the company’s stock valued at $56,358,000 after buying an additional 31,684 shares in the last quarter.

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. The Company’s product groups include leisure, fashion and home, and party and snack.

5 Day Chart for NASDAQ:FIVE

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