Five Below, Inc. (FIVE) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of Five Below, Inc. (NASDAQ:FIVE) from a buy rating to a strong-buy rating in a report published on Thursday morning.
Several other brokerages also recently weighed in on FIVE. UBS AG upped their target price on shares of Five Below from $50.00 to $59.00 and gave the stock a buy rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a buy rating and issued a $62.00 price target on shares of Five Below in a research note on Wednesday, August 23rd. Royal Bank Of Canada raised their price target on Five Below from $50.00 to $57.00 and gave the company an outperform rating in a report on Friday, June 2nd. Guggenheim reissued a buy rating and set a $60.00 price target (up from $52.00) on shares of Five Below in a report on Saturday, June 3rd. Finally, Loop Capital restated a buy rating and issued a $60.00 price objective on shares of Five Below in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $54.15.
Five Below (NASDAQ FIVE) opened at 54.88 on Thursday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 37.90 and a beta of 0.89. Five Below has a 52-week low of $35.03 and a 52-week high of $55.58. The stock’s 50 day moving average is $49.16 and its 200-day moving average is $47.62.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ 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 net margin of 7.29% and a return on equity of 24.37%. The company’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. Equities research analysts anticipate that Five Below will post $1.67 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Five Below by 27,003.0% in the 1st 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 in the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Five Below in the 1st quarter worth about $31,188,000. Lazard Asset Management LLC bought a new stake in shares of Five Below in the 1st quarter worth about $27,250,000. FMR LLC increased its holdings in shares of Five Below by 111.2% in the 1st 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 raised its position in shares of Five Below by 27.3% during the 2nd quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock valued at $84,493,000 after buying an additional 367,235 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. Its product groups include leisure, fashion and home, and party and snack.
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