Loop Capital set a $60.00 target price on Five Below, Inc. (NASDAQ:FIVE) in a research note published on Monday morning. The firm currently has a buy rating on the specialty retailer’s stock.

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.

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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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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