Five Below Inc. (NASDAQ:FIVE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room décor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “
Other research analysts have also recently issued research reports about the stock. Deutsche Bank AG reiterated a “hold” rating and set a $46.00 price target (up previously from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. BTIG Research started coverage on shares of Five Below in a report on Tuesday, August 23rd. They set a “neutral” rating for the company. They noted that the move was a valuation call. Citigroup Inc. reiterated a “neutral” rating on shares of Five Below in a report on Wednesday, June 8th. Buckingham Research reiterated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Five Below in a report on Tuesday, June 7th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $54.00 price target (up previously from $53.00) on shares of Five Below in a report on Thursday, September 1st. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.50.
Shares of Five Below (NASDAQ:FIVE) opened at 39.31 on Monday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 34.51 and a beta of 0.99. The stock has a 50 day moving average of $43.32 and a 200-day moving average of $43.77. Five Below has a 1-year low of $26.95 and a 1-year high of $52.70.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm earned $220.13 million during the quarter, compared to analysts’ expectations of $219.60 million. Five Below had a net margin of 6.93% and a return on equity of 26.01%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. Equities analysts anticipate that Five Below will post $1.32 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. FineMark National Bank & Trust boosted its position in shares of Five Below by 10.1% in the second quarter. FineMark National Bank & Trust now owns 2,621 shares of the company’s stock valued at $122,000 after buying an additional 240 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of Five Below during the second quarter valued at about $129,000. Huntington National Bank boosted its position in shares of Five Below by 5.4% in the second quarter. Huntington National Bank now owns 3,107 shares of the company’s stock valued at $144,000 after buying an additional 158 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of Five Below during the second quarter valued at about $182,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Five Below by 240.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the company’s stock valued at $189,000 after buying an additional 2,891 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. The Company’s product groups include leisure, fashion and home, and party and snack.
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