Shares of Five Below Inc (NASDAQ:FIVE) have received an average rating of “Buy” from the twenty-one research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $136.47.
A number of brokerages have issued reports on FIVE. Bank of America set a $150.00 price objective on shares of Five Below and gave the company a “buy” rating in a research report on Monday, August 12th. Morgan Stanley began coverage on shares of Five Below in a research report on Monday, July 1st. They set an “overweight” rating and a $135.00 price objective on the stock. Barclays downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $128.00 to $140.00 in a research report on Monday, May 6th. They noted that the move was a valuation call. BidaskClub raised shares of Five Below from a “sell” rating to a “hold” rating in a research report on Friday. Finally, UBS Group reduced their price objective on shares of Five Below from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th.
Five Below stock traded down $6.39 during mid-day trading on Friday, reaching $113.85. 1,554,208 shares of the company traded hands, compared to its average volume of 1,076,597. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05. The firm’s 50 day moving average price is $118.06 and its 200 day moving average price is $125.62. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 44.30, a P/E/G ratio of 1.53 and a beta of 0.64. Five Below has a 52-week low of $86.57 and a 52-week high of $148.21.
In other news, CFO Kenneth R. Bull sold 7,103 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $130.13, for a total value of $924,313.39. Following the sale, the chief financial officer now directly owns 79,227 shares of the company’s stock, valued at approximately $10,309,809.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina purchased a new stake in shares of Five Below in the 2nd quarter worth about $2,738,000. Cresset Asset Management LLC grew its position in shares of Five Below by 37.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,728 shares of the specialty retailer’s stock worth $207,000 after buying an additional 467 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Five Below in the 2nd quarter worth about $209,000. Chartwell Investment Partners LLC grew its position in shares of Five Below by 6.4% in the 2nd quarter. Chartwell Investment Partners LLC now owns 27,462 shares of the specialty retailer’s stock worth $3,296,000 after buying an additional 1,654 shares during the period. Finally, UBS Group AG grew its position in shares of Five Below by 23.7% in the 2nd quarter. UBS Group AG now owns 75,174 shares of the specialty retailer’s stock worth $9,022,000 after buying an additional 14,420 shares during the period. 95.41% of the stock is currently owned by hedge funds and other institutional investors.
About Five Below
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 nail polishes, lip glosses, fragrances, 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 décor, and related items, as well as provides storage options for the customers room.
Read More: What Are Treasury Bonds?
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.