Jefferies Group LLC reiterated their buy rating on shares of Five Below, Inc. (NASDAQ:FIVE) in a research note released on Tuesday morning. The brokerage currently has a $52.00 target price on the specialty retailer’s stock.
Other research analysts have also recently issued reports about the company. Royal Bank Of Canada reiterated a buy rating and set a $50.00 price target on shares of Five Below in a research report on Monday, May 15th. Zacks Investment Research upgraded Five Below from a hold rating to a buy rating and set a $59.00 price target for the company in a research report on Tuesday, May 23rd. MKM Partners reiterated a buy rating and set a $57.00 price target (up from $51.00) on shares of Five Below in a research report on Thursday, June 1st. UBS AG cut Five Below from a buy rating to a neutral rating and reduced their price target for the company from $59.00 to $52.00 in a research report on Monday, July 10th. Finally, Morgan Stanley reiterated an equal weight rating and set a $47.00 price target (up from $40.00) on shares of Five Below in a research report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $54.15.
Shares of Five Below (NASDAQ FIVE) opened at 50.32 on Tuesday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 37.86 and a beta of 0.93. Five Below has a 52-week low of $35.03 and a 52-week high of $54.13. The stock’s 50 day moving average is $48.71 and its 200 day moving average is $47.16.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The firm had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. During the same period last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. On average, equities analysts predict that Five Below will post $1.67 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in shares of Five Below by 9.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock valued at $12,041,000 after buying an additional 25,041 shares in the last quarter. Suffolk Capital Management LLC purchased a new stake in shares of Five Below in the first quarter valued at approximately $1,300,000. Gotham Asset Management LLC purchased a new stake in shares of Five Below in the first quarter valued at approximately $1,321,000. Quantitative Systematic Strategies LLC increased its position in shares of Five Below by 91.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock valued at $562,000 after buying an additional 5,584 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Five Below in the first quarter valued at approximately $514,000.
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. Its product groups include leisure, fashion and home, and party and snack.
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