Five Below Inc (NASDAQ:FIVE) Receives Average Rating of “Buy” from Brokerages

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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.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The business had revenue of $364.76 million for the quarter, compared to the consensus estimate of $362.28 million. Five Below had a net margin of 9.43% and a return on equity of 25.21%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. On average, sell-side analysts anticipate that Five Below will post 3.06 EPS for the current year.

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 d├ęcor, and related items, as well as provides storage options for the customers room.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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