Five Below (NASDAQ:FIVE) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
FIVE has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Five Below from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Deutsche Bank upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, January 3rd. MKM Partners lifted their price objective on shares of Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, November 28th. Jefferies Group lifted their price target on shares of Five Below from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Finally, Dougherty & Co lifted their price target on shares of Five Below from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Five Below presently has an average rating of “Buy” and a consensus target price of $64.33.
Shares of Five Below (NASDAQ:FIVE) opened at $64.52 on Friday. The stock has a market cap of $3,560.00, a P/E ratio of 42.17, a PEG ratio of 0.92 and a beta of 0.67. Five Below has a 12 month low of $37.14 and a 12 month high of $73.55.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. analysts expect that Five Below will post 1.81 earnings per share for the current fiscal year.
In other Five Below news, CEO Joel D. Anderson sold 20,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $67.00, for a total transaction of $1,340,000.00. Following the completion of the sale, the chief executive officer now owns 127,693 shares in the company, valued at $8,555,431. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eric M. Specter sold 15,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the sale, the insider now owns 13,883 shares of the company’s stock, valued at approximately $931,271.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,400 shares of company stock valued at $9,474,401. 3.22% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in FIVE. Gilder Gagnon Howe & Co. LLC bought a new stake in Five Below during the fourth quarter valued at $69,990,000. Millennium Management LLC increased its stake in Five Below by 121.5% during the fourth quarter. Millennium Management LLC now owns 793,756 shares of the specialty retailer’s stock valued at $52,642,000 after purchasing an additional 435,463 shares during the last quarter. Jennison Associates LLC increased its stake in Five Below by 24.1% during the third quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock valued at $116,568,000 after purchasing an additional 412,641 shares during the last quarter. Two Sigma Investments LP increased its stake in Five Below by 6,517.0% during the fourth quarter. Two Sigma Investments LP now owns 282,349 shares of the specialty retailer’s stock valued at $18,725,000 after purchasing an additional 286,749 shares during the last quarter. Finally, Fred Alger Management Inc. increased its stake in Five Below by 364.1% during the fourth quarter. Fred Alger Management Inc. now owns 223,651 shares of the specialty retailer’s stock valued at $14,833,000 after purchasing an additional 175,462 shares during the last quarter.
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Five Below Company Profile
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.
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