Five Below Inc. (FIVE) Rating Reiterated by Barclays PLC
Five Below Inc. (NASDAQ:FIVE)‘s stock had its “equal weight” rating restated by stock analysts at Barclays PLC in a research report issued on Tuesday. They currently have a $42.00 price target on the stock. Barclays PLC’s price objective would suggest a potential upside of 6.71% from the stock’s current price.
A number of other research firms also recently weighed in on FIVE. Citigroup Inc. started coverage on shares of Five Below in a research report on Tuesday, October 11th. They issued a “buy” rating and a $50.00 target price on the stock. Zacks Investment Research raised shares of Five Below from a “sell” rating to a “hold” rating in a research report on Monday, November 21st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Five Below in a research report on Tuesday, September 6th. Jefferies Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Five Below in a research report on Thursday, September 1st. Finally, BTIG Research started coverage on shares of Five Below in a research report on Tuesday, August 23rd. They issued a “neutral” rating on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $47.81.
Shares of Five Below (NASDAQ:FIVE) opened at 39.36 on Tuesday. Five Below has a 12-month low of $26.97 and a 12-month high of $52.70. The company’s 50-day moving average is $38.51 and its 200-day moving average is $43.24. The stock has a market cap of $2.16 billion, a P/E ratio of 34.56 and a beta of 1.02.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $220.13 million for 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 company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities research analysts anticipate that Five Below will post $1.31 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of the company. RS Investment Management Co. LLC raised its stake in Five Below by 29.5% in the second quarter. RS Investment Management Co. LLC now owns 972,179 shares of the company’s stock valued at $45,119,000 after buying an additional 221,660 shares in the last quarter. Sage Financial Group Inc. purchased a new stake in Five Below during the second quarter valued at about $2,368,000. Bank of Montreal Can purchased a new stake in Five Below during the second quarter valued at about $236,000. Torch Wealth Management LLC purchased a new stake in Five Below during the second quarter valued at about $591,000. Finally, 1st Global Advisors Inc. raised its stake in Five Below by 7.2% in the second quarter. 1st Global Advisors Inc. now owns 5,835 shares of the company’s stock valued at $271,000 after buying an additional 394 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.
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