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.
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.
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