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.
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.
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