Dougherty & Co Raises Five Below (FIVE) Price Target to $82.00

Five Below (NASDAQ:FIVE) had its price target hoisted by Dougherty & Co from $68.00 to $82.00 in a research report sent to investors on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the specialty retailer’s stock. Dougherty & Co also issued estimates for Five Below’s Q4 2018 earnings at $1.14 EPS and FY2018 earnings at $1.77 EPS.

A number of other equities analysts also recently issued reports on the company. KeyCorp reaffirmed a hold rating on shares of Five Below in a research report on Friday, November 10th. Zacks Investment Research downgraded Five Below from a buy rating to a hold rating in a research report on Tuesday, November 7th. BidaskClub raised Five Below from a buy rating to a strong-buy rating in a research report on Thursday, December 7th. Wells Fargo & Co initiated coverage on Five Below in a research report on Friday, November 3rd. They issued an outperform rating and a $65.00 target price on the stock. Finally, Royal Bank of Canada upped their target price on Five Below to $67.00 and gave the company an outperform rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $64.33.

Five Below (NASDAQ FIVE) traded up $2.36 during trading on Tuesday, reaching $68.12. The company’s stock had a trading volume of 1,370,800 shares, compared to its average volume of 1,625,000. The stock has a market capitalization of $3,700.00, a price-to-earnings ratio of 44.52, a P/E/G ratio of 1.53 and a beta of 0.84. Five Below has a one year low of $37.14 and a one year high of $73.55.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $257.18 million during the quarter, compared to analyst estimates of $246.04 million. Five Below had a return on equity of 23.85% and a net margin of 7.31%. Five Below’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. equities research analysts predict that Five Below will post 1.78 EPS for the current year.

In other Five Below news, insider Eric M. Specter sold 15,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the sale, the insider now directly owns 13,883 shares of the company’s stock, valued at approximately $931,271.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joel D. Anderson sold 20,000 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $67.00, for a total transaction of $1,340,000.00. Following the sale, the chief executive officer now directly owns 127,693 shares in the company, valued at $8,555,431. The disclosure for this sale can be found here. Insiders have sold a total of 143,400 shares of company stock worth $9,474,401 over the last ninety days. 2.92% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of FIVE. Schwab Charles Investment Management Inc. boosted its stake in shares of Five Below by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 290,516 shares of the specialty retailer’s stock worth $14,343,000 after acquiring an additional 12,504 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Five Below by 82.4% during the 2nd quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock worth $8,685,000 after acquiring an additional 79,480 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Five Below by 1.4% during the 2nd quarter. Principal Financial Group Inc. now owns 463,076 shares of the specialty retailer’s stock worth $22,862,000 after acquiring an additional 6,207 shares in the last quarter. Swiss National Bank boosted its stake in shares of Five Below by 1.8% during the 2nd quarter. Swiss National Bank now owns 91,559 shares of the specialty retailer’s stock worth $4,520,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its stake in shares of Five Below by 3.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 148,717 shares of the specialty retailer’s stock worth $7,342,000 after acquiring an additional 5,512 shares in 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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