Several other research analysts have also recently weighed in on FIVE. RBC Capital Markets reissued an outperform rating and issued a $54.00 price objective (up previously from $53.00) on shares of Five Below in a research 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 on the stock in a research report on Friday, July 15th. Royal Bank Of Canada upped their price target on Five Below from $53.00 to $54.00 and gave the company an outperform rating in a research report on Thursday, September 1st. Citigroup Inc. started coverage on Five Below in a research report on Tuesday, October 11th. They set a buy rating and a $50.00 price target on the stock. Finally, Deutsche Bank AG reaffirmed a hold rating and set a $46.00 price target (up previously from $39.00) on shares of Five Below in a research 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’s stock. The company currently has an average rating of Buy and an average target price of $47.63.
Five Below (NASDAQ:FIVE) opened at 37.37 on Wednesday. The firm has a market cap of $2.05 billion, a P/E ratio of 32.81 and a beta of 0.99. The firm’s 50-day moving average price is $41.50 and its 200-day moving average price is $43.63. Five Below has a 52-week low of $26.95 and a 52-week high of $52.70.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 earnings per share 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 business had revenue of $220.13 million for the quarter, compared to analysts’ expectations of $219.60 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis. Equities research analysts expect that Five Below will post $1.32 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. FineMark National Bank & Trust raised 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 during the period. Fortaleza Asset Management Inc. purchased a new position in shares of Five Below during the second quarter valued at approximately $129,000. Huntington National Bank raised 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 during the period. Advisor Group Inc. purchased a new position in shares of Five Below during the second quarter valued at approximately $182,000. Finally, Tower Research Capital LLC TRC raised 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 during the period.
About Five Below
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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