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.
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 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.
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