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.
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.
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