Five Below, Inc. (FIVE) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Five Below, Inc. (NASDAQ:FIVE) in a report published on Friday. The brokerage issued an outperform rating and a $65.00 target price on the specialty retailer’s stock.

Other research analysts have also issued reports about the stock. Loop Capital set a $60.00 price objective on shares of Five Below and gave the stock a buy rating in a report on Monday, August 28th. Zacks Investment Research raised shares of Five Below from a hold rating to a buy rating and set a $55.00 price objective for the company in a report on Wednesday, August 23rd. Jefferies Group LLC reissued a buy rating and set a $62.00 price objective on shares of Five Below in a report on Wednesday, August 23rd. Dougherty & Co reissued a buy rating on shares of Five Below in a report on Friday, August 18th. Finally, BidaskClub raised shares of Five Below from a hold rating to a buy rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $55.66.

Five Below (FIVE) traded up $0.11 during trading on Friday, reaching $57.01. 1,071,199 shares of the company traded hands, compared to its average volume of 816,707. Five Below has a 12-month low of $35.03 and a 12-month high of $58.07. The stock has a market cap of $3,146.95, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 1.20 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company 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 firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. analysts forecast that Five Below will post 1.66 EPS for the current year.

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In related news, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $55.13, for a total value of $7,860,049.49. Following the sale, the insider now directly owns 757,823 shares in the company, valued at approximately $41,778,781.99. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.22% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Alps Advisors Inc. lifted its position in Five Below by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 12,496 shares of the specialty retailer’s stock valued at $617,000 after purchasing an additional 32 shares during the last quarter. LS Investment Advisors LLC lifted its position in Five Below by 0.8% in the 2nd quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock valued at $234,000 after purchasing an additional 39 shares during the last quarter. First Mercantile Trust Co. lifted its position in Five Below by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 40 shares during the last quarter. Renaissance Group LLC lifted its position in Five Below by 1.2% in the 2nd quarter. Renaissance Group LLC now owns 7,927 shares of the specialty retailer’s stock valued at $391,000 after purchasing an additional 95 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Five Below by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 28,700 shares of the specialty retailer’s stock valued at $1,417,000 after purchasing an additional 100 shares during 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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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