Royal Bank Of Canada Increases Five Below, Inc. (FIVE) Price Target to $57.00
Five Below, Inc. (NASDAQ:FIVE) had its price target upped by equities research analysts at Royal Bank Of Canada from $56.00 to $57.00 in a research report issued to clients and investors on Thursday. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 18.75% from the stock’s current price.
FIVE has been the subject of several other reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $53.00 price objective (up from $48.00) on shares of Five Below in a research note on Tuesday, May 30th. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, May 23rd. Loop Capital set a $60.00 price objective on Five Below and gave the company a “buy” rating in a research note on Monday, August 28th. BTIG Research reaffirmed a “neutral” rating on shares of Five Below in a research note on Saturday, June 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $65.00 price objective (up from $47.00) on shares of Five Below in a research note on Saturday, June 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $54.03.
Shares of Five Below (NASDAQ:FIVE) opened at 48.00 on Thursday. The firm has a 50-day moving average price of $48.44 and a 200 day moving average price of $46.69. Five Below has a 12 month low of $35.03 and a 12 month high of $54.13. The company has a market cap of $2.65 billion, a P/E ratio of 36.12 and a beta of 0.93. Five Below also was the target of some unusual options trading on Wednesday. Traders purchased 7,306 put options on the stock. This is an increase of 818% compared to the typical volume of 796 put options.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $283.30 million during the quarter, compared to analyst estimates of $276.37 million. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. Equities analysts predict that Five Below will post $1.67 earnings per share for the current year.
In other Five Below news, CFO Kenneth R. Bull sold 17,300 shares of Five Below stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $53.90, for a total transaction of $932,470.00. Following the completion of the sale, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.22% of the company’s stock.
A number of large investors have recently modified their holdings of FIVE. First Mercantile Trust Co. raised its stake in shares of Five Below by 30.5% in the first quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after buying an additional 540 shares during the period. Tyers Asset Management LLC raised its stake in shares of Five Below by 17.6% in the first quarter. Tyers Asset Management LLC now owns 2,800 shares of the specialty retailer’s stock worth $121,000 after buying an additional 420 shares during the period. Strs Ohio raised its stake in shares of Five Below by 30.4% in the first quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock worth $129,000 after buying an additional 700 shares during the period. Flinton Capital Management LLC raised its stake in shares of Five Below by 17.6% in the first quarter. Flinton Capital Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $147,000 after buying an additional 510 shares during the period. Finally, Invictus RG purchased a new stake in shares of Five Below during the first quarter worth $183,000.
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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