Loop Capital Boosts Five Below (FIVE) Price Target to $70.00

Five Below (NASDAQ:FIVE) had its target price raised by Loop Capital from $64.00 to $70.00 in a research report released on Thursday. The brokerage currently has a hold rating on the specialty retailer’s stock.

A number of other research firms also recently commented on FIVE. MKM Partners boosted their target price on Five Below to $75.00 and gave the stock a buy rating in a research report on Thursday, January 4th. Zacks Investment Research downgraded Five Below from a buy rating to a hold rating in a research report on Tuesday, March 6th. BidaskClub upgraded Five Below from a buy rating to a strong-buy rating in a research report on Tuesday, March 6th. Deutsche Bank upgraded Five Below from a hold rating to a buy rating and set a $54.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, Buckingham Research decreased their target price on Five Below from $81.00 to $78.00 and set a buy rating on the stock in a research report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Five Below currently has an average rating of Hold and an average target price of $66.09.

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Shares of Five Below stock opened at $69.03 on Thursday. The company has a market capitalization of $3,829.51, a price-to-earnings ratio of 37.52, a price-to-earnings-growth ratio of 1.02 and a beta of 0.62. Five Below has a 12-month low of $41.75 and a 12-month high of $73.55.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 21st. The specialty retailer reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The company had revenue of $505.00 million for the quarter, compared to the consensus estimate of $502.74 million. Five Below had a return on equity of 26.00% and a net margin of 8.02%. Five Below’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. analysts expect that Five Below will post 2.4 EPS for the current fiscal year.

Five Below announced that its Board of Directors has initiated a stock buyback plan on Wednesday, March 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Five Below by 66.0% in the third quarter. JPMorgan Chase & Co. now owns 5,269 shares of the specialty retailer’s stock valued at $288,000 after acquiring an additional 2,094 shares in the last quarter. Swiss National Bank lifted its position in shares of Five Below by 3.7% in the fourth quarter. Swiss National Bank now owns 94,959 shares of the specialty retailer’s stock valued at $6,298,000 after acquiring an additional 3,400 shares in the last quarter. California Public Employees Retirement System increased its stake in Five Below by 8.8% in the fourth quarter. California Public Employees Retirement System now owns 111,342 shares of the specialty retailer’s stock valued at $7,384,000 after purchasing an additional 8,972 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Five Below by 3.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 301,656 shares of the specialty retailer’s stock valued at $16,555,000 after purchasing an additional 11,140 shares during the last quarter. Finally, Cim LLC increased its stake in Five Below by 103.0% in the fourth quarter. Cim LLC now owns 17,125 shares of the specialty retailer’s stock valued at $1,136,000 after purchasing an additional 8,690 shares during the last quarter.

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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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