KeyCorp Reiterates Hold Rating for Five Below, Inc. (FIVE)
Five Below, Inc. (NASDAQ:FIVE)‘s stock had its “hold” rating restated by investment analysts at KeyCorp in a research note issued on Friday.
FIVE has been the topic of a number of other research reports. Loop Capital set a $60.00 price target on Five Below and gave the company a “buy” rating in a report on Monday, August 28th. Zacks Investment Research cut Five Below from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Deutsche Bank AG reaffirmed a “hold” rating and set a $54.00 price target (up previously from $53.00) on shares of Five Below in a report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of Five Below in a report on Thursday, August 31st. Finally, Royal Bank of Canada lifted their price target on Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Five Below currently has a consensus rating of “Buy” and an average target price of $55.66.
Shares of Five Below (NASDAQ FIVE) opened at $57.53 on Friday. The firm has a market capitalization of $3,167.91, a P/E ratio of 39.58, a PEG ratio of 1.21 and a beta of 0.80. Five Below has a twelve month low of $36.90 and a twelve month high of $58.34.
Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $283.30 million for the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. sell-side analysts predict that Five Below will post 1.66 earnings per share for the current fiscal year.
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In other Five Below news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $55.13, for a total value of $7,860,049.49. Following the transaction, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.22% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FIVE. First Mercantile Trust Co. increased its holdings in shares of Five Below by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 40 shares in the last quarter. Raymond James Trust N.A. bought a new position in shares of Five Below in the second quarter valued at $205,000. Strs Ohio increased its holdings in shares of Five Below by 40.0% in the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock valued at $207,000 after buying an additional 1,200 shares in the last quarter. Miles Capital Inc. bought a new position in shares of Five Below in the second quarter valued at $210,000. Finally, Riverhead Capital Management LLC increased its holdings in shares of Five Below by 73.2% in the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock valued at $214,000 after buying an additional 1,829 shares in the last quarter.
Five Below Company Profile
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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