Five Below, Inc. (NASDAQ:FIVE) Downgraded to Hold at BidaskClub

BidaskClub cut shares of Five Below, Inc. (NASDAQ:FIVE) from a buy rating to a hold rating in a research note released on Wednesday morning.

Several other research analysts have also commented on the stock. Vetr upgraded shares of Five Below from a hold rating to a buy rating and set a $47.56 price objective for the company in a report on Tuesday, April 18th. Loop Capital restated a buy rating and issued a $54.00 price objective on shares of Five Below in a report on Wednesday, May 3rd. Gordon Haskett started coverage on shares of Five Below in a report on Tuesday, May 9th. They issued an accumulate rating and a $57.00 price objective for the company. Deutsche Bank AG upped their price objective on shares of Five Below from $40.00 to $48.00 and gave the stock a hold rating in a report on Thursday, March 23rd. Finally, Zacks Investment Research upgraded shares of Five Below from a sell rating to a hold rating in a report on Wednesday, March 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $53.74.

Shares of Five Below (NASDAQ:FIVE) opened at 48.35 on Wednesday. The firm has a market capitalization of $2.66 billion, a PE ratio of 36.38 and a beta of 0.95. Five Below has a 12-month low of $35.03 and a 12-month high of $54.13. The firm has a 50-day moving average of $50.69 and a 200-day moving average of $44.00.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Thursday, June 1st. The specialty retailer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The business had revenue of $232.90 million during the quarter, compared to analyst estimates of $230.75 million. During the same period in the prior year, the business earned $0.12 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts anticipate that Five Below will post $1.64 earnings per share for the current year.

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In related news, CFO Kenneth R. Bull sold 17,300 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the sale, the chief financial officer now directly owns 76,544 shares of the company’s stock, valued at approximately $4,125,721.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.92% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Five Below by 27,003.0% in the first quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock valued at $295,641,000 after buying an additional 6,800,982 shares during the period. Vanguard Group Inc. increased its stake in shares of Five Below by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,811,926 shares of the specialty retailer’s stock valued at $208,404,000 after buying an additional 235,589 shares during the period. State Street Corp increased its stake in shares of Five Below by 6.1% in the first quarter. State Street Corp now owns 1,395,427 shares of the specialty retailer’s stock valued at $60,437,000 after buying an additional 79,961 shares during the period. GW&K Investment Management LLC increased its stake in shares of Five Below by 5.2% in the second quarter. GW&K Investment Management LLC now owns 1,272,705 shares of the specialty retailer’s stock valued at $62,833,000 after buying an additional 62,358 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Five Below by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,141,397 shares of the specialty retailer’s stock valued at $45,609,000 after buying an additional 15,672 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. Its product groups include leisure, fashion and home, and party and snack.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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