Five Below Inc. (FIVE) Upgraded to “Hold” by 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. “
A number of other analysts also recently commented on the company. Goldman Sachs Group Inc. restated a neutral rating and set a $42.00 price objective on shares of Five Below in a report on Tuesday, September 6th. Barclays PLC assumed coverage on Five Below in a report on Friday, September 23rd. They issued an equal weight rating and a $42.00 price target for the company. KeyCorp assumed coverage on Five Below in a report on Wednesday, October 12th. They issued an overweight rating and a $47.00 price target for the company. MKM Partners reiterated a buy rating and issued a $60.00 price target on shares of Five Below in a report on Tuesday, September 13th. Finally, Jefferies Group reiterated a buy rating and issued a $55.00 price target on shares of Five Below in a report on Thursday, September 1st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $47.81.
Shares of Five Below (NASDAQ:FIVE) opened at 40.53 on Monday. The firm has a market cap of $2.22 billion, a PE ratio of 35.58 and a beta of 1.02. Five Below has a 52-week low of $26.97 and a 52-week high of $52.70. The stock’s 50 day moving average price is $38.29 and its 200-day moving average price is $43.14.
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 business earned $220.13 million during the quarter, compared to the consensus estimate of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. On average, equities research analysts anticipate that Five Below will post $1.31 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of FIVE. Robeco Institutional Asset Management B.V. bought a new position in Five Below during the third quarter worth approximately $108,000. FineMark National Bank & Trust boosted its stake in shares of Five Below by 10.1% in the second quarter. FineMark National Bank & Trust now owns 2,621 shares of the company’s stock worth $122,000 after buying an additional 240 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of Five Below during the second quarter worth $129,000. Huntington National Bank boosted its stake in shares of Five Below by 5.4% in the second quarter. Huntington National Bank now owns 3,107 shares of the company’s stock worth $144,000 after buying an additional 158 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Five Below by 6.0% in the third quarter. Advisor Group Inc. now owns 4,193 shares of the company’s stock worth $168,000 after buying an additional 238 shares during 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.
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