Five Below, Inc. (FIVE) Given a $60.00 Price Target at Loop Capital
FIVE has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Five Below from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Wednesday, August 23rd. Gordon Haskett began coverage on shares of Five Below in a report on Tuesday, May 9th. They issued an accumulate rating and a $57.00 target price for the company. BidaskClub upgraded shares of Five Below from a hold rating to a buy rating in a report on Tuesday, August 8th. Royal Bank Of Canada restated a buy rating and issued a $50.00 target price on shares of Five Below in a report on Monday, May 15th. Finally, KeyCorp restated an overweight rating and issued a $58.00 target price on shares of Five Below in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Five Below presently has a consensus rating of Buy and an average target price of $53.50.
Five Below (NASDAQ FIVE) opened at 49.73 on Monday. The stock’s 50 day moving average price is $48.08 and its 200-day moving average price is $46.34. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 37.42 and a beta of 0.94. Five Below has a 12 month low of $35.03 and a 12 month high of $54.13.
Five Below (NASDAQ:FIVE) last released its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million during the quarter, compared to the consensus estimate of $230.75 million. During the same period in the previous year, the firm earned $0.12 earnings per share. Five Below’s revenue was up 20.9% compared to the same quarter last year. Equities analysts expect that Five Below will post $1.64 EPS for the current year.
In other news, CFO Kenneth R. Bull sold 17,300 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the transaction, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at $4,125,721.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.92% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock worth $295,641,000 after buying an additional 6,800,982 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in Five Below during the first quarter worth approximately $31,188,000. Lazard Asset Management LLC purchased a new position in Five Below during the first quarter worth approximately $27,250,000. FMR LLC boosted its position in Five Below by 111.2% in the first quarter. FMR LLC now owns 715,096 shares of the specialty retailer’s stock worth $30,970,000 after buying an additional 376,527 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Five Below by 27.3% in the second quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock worth $84,493,000 after buying an additional 367,235 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. Its product groups include leisure, fashion and home, and party and snack.
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