Equities research analysts at Citigroup Inc. initiated coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a report issued on Tuesday. The firm set a “buy” rating and a $50.00 price target on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 28.57% from the stock’s current price.
Other analysts have also issued research reports about the company. MKM Partners reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Five Below in a report on Monday, September 5th. Jefferies Group reissued a “buy” rating and set a $55.00 price target on shares of Five Below in a report on Thursday, September 1st. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, July 15th. Barclays PLC assumed coverage on Five Below in a report on Friday, September 23rd. They set an “equal weight” rating and a $42.00 price target for the company. Finally, Deutsche Bank AG reissued 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. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.67.
Five Below (NASDAQ:FIVE) opened at 38.89 on Tuesday. Five Below has a one year low of $26.95 and a one year high of $52.70. The company’s 50 day moving average price is $42.03 and its 200-day moving average price is $43.70. The stock has a market capitalization of $2.13 billion, a PE ratio of 34.14 and a beta of 0.99.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The company earned $220.13 million during the quarter, compared to analyst estimates of $219.60 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. Five Below’s revenue was up 20.8% compared to the same quarter last year. Analysts expect that Five Below will post $1.32 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. FineMark National Bank & Trust increased its stake 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 worth $122,000 after buying an additional 240 shares during the period. Fortaleza Asset Management Inc. bought a new stake in shares of Five Below during the second quarter worth about $129,000. Huntington National Bank increased its stake 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 worth $144,000 after buying an additional 158 shares during the period. Advisor Group Inc. bought a new stake in shares of Five Below during the second quarter worth about $182,000. Finally, Tower Research Capital LLC TRC increased its stake 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 worth $189,000 after buying an additional 2,891 shares during the period.
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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