Craig Hallum Begins Coverage on Five Below (NASDAQ:FIVE)

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Craig Hallum started coverage on shares of Five Below (NASDAQ:FIVE) in a research report report published on Tuesday morning, The Fly reports. The firm issued a buy rating and a $168.00 target price on the specialty retailer’s stock.

FIVE has been the topic of a number of other reports. Bank of America set a $150.00 target price on shares of Five Below and gave the company a buy rating in a research note on Monday, August 12th. BidaskClub upgraded shares of Five Below from a sell rating to a hold rating in a research note on Friday, August 23rd. ValuEngine upgraded shares of Five Below from a hold rating to a buy rating in a research note on Tuesday, August 13th. Wells Fargo & Co boosted their target price on shares of Five Below from $143.00 to $152.00 and gave the company an outperform rating in a research note on Thursday, September 5th. Finally, Morgan Stanley initiated coverage on shares of Five Below in a research note on Monday, July 1st. They set an overweight rating and a $135.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $137.22.

FIVE opened at $135.01 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.98 and a debt-to-equity ratio of 1.08. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.69 and a beta of 0.59. Five Below has a twelve month low of $86.57 and a twelve month high of $148.21. The company’s 50-day moving average price is $116.67 and its two-hundred day moving average price is $125.10.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. The firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $421.38 million. Five Below had a net margin of 9.26% and a return on equity of 24.52%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Five Below will post 3.04 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the stock. FMR LLC increased its holdings in Five Below by 96.6% during the 1st quarter. FMR LLC now owns 2,471,352 shares of the specialty retailer’s stock worth $307,065,000 after acquiring an additional 1,214,030 shares during the period. Winslow Capital Management LLC bought a new stake in Five Below during the 2nd quarter worth approximately $176,413,000. Wells Fargo & Company MN increased its holdings in shares of Five Below by 16.1% in the 2nd quarter. Wells Fargo & Company MN now owns 910,199 shares of the specialty retailer’s stock worth $109,241,000 after buying an additional 126,033 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Five Below by 13.8% in the 2nd quarter. Invesco Ltd. now owns 874,474 shares of the specialty retailer’s stock worth $104,954,000 after buying an additional 105,764 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Five Below by 46.6% in the 2nd quarter. Jennison Associates LLC now owns 748,675 shares of the specialty retailer’s stock worth $89,856,000 after buying an additional 238,106 shares during the last quarter. Institutional investors own 97.83% of the company’s stock.

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 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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