Five Below (FIVE) Stock Rating Upgraded by Zacks Investment Research
Five Below (NASDAQ:FIVE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $67.00 price objective on the specialty retailer’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 8.93% from the stock’s current price.
According to Zacks, “Five Below has surpassed the industry so far in the year, backed by its robust strategies that have been driving the company’s spectacular past record. The company’s impressive merchandise assortment, focus on pre-teen customers and favorable pricing strategy help it stand strong amid a tough retail landscape. Also, the company remains focused on expanding its store base and targets a network of 2,000 stores by 2020. Notably, these strategic endeavors to boost margins fueled Five Below’s second-quarter fiscal 2017 results. Concurrent to which the company raised its sales and earnings view. While the top and bottom lines marked their third and eighth straight quarter of positive surprise respectively, the company witnessed its highest quarter of comps growth. However, stiff competition from both brick-&-mortar and e-retailers remains a concern. Five Below’s seasonal nature of business also seems to be a hurdle.”
Several other equities research analysts have also recently issued reports on FIVE. BidaskClub upgraded Five Below from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. MKM Partners boosted their price target on Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday. Buckingham Research reiterated a “buy” rating and issued a $62.00 price target on shares of Five Below in a research note on Friday, September 1st. Dougherty & Co reiterated a “buy” rating on shares of Five Below in a research note on Friday, August 18th. Finally, Jefferies Group boosted their price target on Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $60.97.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The business had revenue of $257.18 million during the quarter, compared to analysts’ expectations of $246.04 million. Five Below had a return on equity of 24.43% and a net margin of 7.31%. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. equities analysts anticipate that Five Below will post 1.67 EPS for the current fiscal year.
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 transaction of $7,860,049.49. Following the completion of the sale, the insider now directly owns 757,823 shares in the company, valued at $41,778,781.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.22% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. lifted its stake in Five Below by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 40 shares during the last quarter. Everence Capital Management Inc. bought a new stake in Five Below during the third quarter worth $215,000. Montag & Caldwell LLC bought a new stake in Five Below during the third quarter worth $217,000. Raymond James Trust N.A. bought a new stake in Five Below during the second quarter worth $205,000. Finally, Strs Ohio lifted its stake in Five Below by 40.0% during the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after purchasing an additional 1,200 shares during the last quarter.
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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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