Five Below (FIVE) Price Target Lowered to $78.00 at Buckingham Research

Five Below (NASDAQ:FIVE) had its price objective trimmed by Buckingham Research from $81.00 to $78.00 in a research report released on Tuesday. The brokerage currently has a buy rating on the specialty retailer’s stock.

FIVE has been the subject of a number of other reports. Jefferies Group reaffirmed a buy rating and issued a $85.00 price objective on shares of Five Below in a research report on Monday, January 8th. MKM Partners upped their price objective on shares of Five Below from $75.00 to $86.00 and gave the stock a buy rating in a research report on Tuesday, February 20th. Barclays reaffirmed a hold rating and issued a $60.00 price objective on shares of Five Below in a research report on Sunday, December 3rd. UBS upped their price objective on shares of Five Below from $52.00 to $64.00 and gave the stock a neutral rating in a research report on Friday, December 1st. Finally, Gordon Haskett raised shares of Five Below from a hold rating to an accumulate rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $66.09.

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Shares of Five Below (NASDAQ:FIVE) opened at $69.03 on Tuesday. Five Below has a 52-week low of $41.75 and a 52-week high of $73.55. The stock has a market cap of $3,881.09, a PE ratio of 38.65, a price-to-earnings-growth ratio of 1.04 and a beta of 0.62.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, March 21st. The specialty retailer reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. Five Below had a net margin of 8.02% and a return on equity of 26.00%. The business had revenue of $505.00 million during the quarter, compared to the consensus estimate of $502.74 million. During the same period in the prior year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. equities analysts predict that Five Below will post 2.35 EPS for the current year.

Five Below declared that its board has authorized a share buyback plan on Wednesday, March 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC bought a new position in Five Below in the 4th quarter worth approximately $69,990,000. Millennium Management LLC boosted its holdings in Five Below by 121.5% in the 4th quarter. Millennium Management LLC now owns 793,756 shares of the specialty retailer’s stock worth $52,642,000 after buying an additional 435,463 shares during the period. Two Sigma Investments LP boosted its holdings in Five Below by 6,517.0% in the 4th quarter. Two Sigma Investments LP now owns 282,349 shares of the specialty retailer’s stock worth $18,725,000 after buying an additional 286,749 shares during the period. Fred Alger Management Inc. boosted its holdings in Five Below by 364.1% in the 4th quarter. Fred Alger Management Inc. now owns 223,651 shares of the specialty retailer’s stock worth $14,833,000 after buying an additional 175,462 shares during the period. Finally, Maverick Capital Ltd. boosted its holdings in Five Below by 580.2% in the 4th quarter. Maverick Capital Ltd. now owns 203,659 shares of the specialty retailer’s stock worth $13,507,000 after buying an additional 173,717 shares during the period.

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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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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