Five Below (FIVE) Price Target Cut to $115.00

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Five Below (NASDAQ:FIVE) had its price objective dropped by investment analysts at Credit Suisse Group from $125.00 to $115.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Credit Suisse Group’s price objective indicates a potential upside of 20.32% from the company’s current price.

A number of other equities research analysts also recently weighed in on FIVE. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Tuesday, August 21st. Dougherty & Co downgraded Five Below from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. MKM Partners upped their target price on Five Below to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Finally, Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $119.00.

FIVE opened at $95.58 on Thursday. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.30 and a beta of 0.52. Five Below has a 1-year low of $60.00 and a 1-year high of $136.13.

Five Below (NASDAQ:FIVE) last released its earnings results on Thursday, December 6th. The specialty retailer reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $312.82 million during the quarter, compared to the consensus estimate of $303.54 million. Five Below had a return on equity of 24.58% and a net margin of 8.74%. Equities analysts predict that Five Below will post 2.62 EPS for the current fiscal year.

In other Five Below news, insider David N. Makuen sold 12,000 shares of the business’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $116.43, for a total transaction of $1,397,160.00. Following the sale, the insider now directly owns 20,863 shares of the company’s stock, valued at approximately $2,429,079.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Romanko sold 3,308 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $126.00, for a total transaction of $416,808.00. Following the sale, the executive vice president now directly owns 18,092 shares in the company, valued at $2,279,592. The disclosure for this sale can be found here. Insiders have sold a total of 19,303 shares of company stock valued at $2,346,022 in the last quarter. Insiders own 2.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Marshall Wace North America L.P. raised its stake in Five Below by 267.5% during the 3rd quarter. Marshall Wace North America L.P. now owns 64,615 shares of the specialty retailer’s stock valued at $8,404,000 after purchasing an additional 47,032 shares during the period. Vanguard Group Inc. raised its stake in Five Below by 5.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,123,587 shares of the specialty retailer’s stock valued at $666,374,000 after purchasing an additional 261,259 shares during the period. Morgan Stanley raised its stake in Five Below by 42.6% during the 3rd quarter. Morgan Stanley now owns 388,593 shares of the specialty retailer’s stock valued at $50,541,000 after purchasing an additional 116,125 shares during the period. Rehmann Capital Advisory Group raised its stake in Five Below by 12,299.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 69,191 shares of the specialty retailer’s stock valued at $532,000 after purchasing an additional 68,633 shares during the period. Finally, Teachers Advisors LLC raised its stake in Five Below by 0.9% during the 3rd quarter. Teachers Advisors LLC now owns 350,888 shares of the specialty retailer’s stock valued at $45,636,000 after purchasing an additional 2,975 shares during the period. 95.42% of the stock is currently owned by institutional investors.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, and related items, as well as provides storage options for the customers room.

Read More: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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