Five Below (FIVE) Stock Rating Upgraded by BidaskClub

Five Below (NASDAQ:FIVE) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Several other equities analysts have also issued reports on FIVE. Dougherty & Co reiterated a “buy” rating on shares of Five Below in a research note on Friday, August 18th. Jefferies Group reiterated a “buy” rating and issued a $62.00 target price on shares of Five Below in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, August 23rd. Loop Capital set a $60.00 target price on Five Below and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, Royal Bank Of Canada lifted their target price on Five Below from $56.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $60.91.

Five Below (FIVE) opened at $65.53 on Thursday. Five Below has a 52 week low of $36.90 and a 52 week high of $66.00. The stock has a market capitalization of $3,590.28, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.38 and a beta of 0.85.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. analysts expect that Five Below will post 1.78 earnings per share for the current fiscal year.

In related news, insider Thomas Vellios sold 142,573 shares of Five Below stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $55.13, for a total transaction of $7,860,049.49. Following the completion of the sale, the insider now owns 757,823 shares of the company’s stock, valued at $41,778,781.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.92% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FIVE. Renaissance Technologies LLC acquired a new stake in shares of Five Below during the first quarter worth about $3,175,000. Acadian Asset Management LLC acquired a new stake in shares of Five Below during the second quarter worth about $723,000. Strs Ohio lifted its holdings in shares of Five Below by 40.0% during the second quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after purchasing an additional 1,200 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Five Below by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 13,020 shares of the specialty retailer’s stock worth $643,000 after purchasing an additional 530 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Five Below by 4.3% during the second quarter. Great West Life Assurance Co. Can now owns 80,815 shares of the specialty retailer’s stock worth $3,990,000 after purchasing an additional 3,349 shares during the period.

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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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