Shares of Five Below Inc (NASDAQ:FIVE) have been given an average rating of “Buy” by the twenty brokerages that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $99.36.
FIVE has been the subject of several recent research reports. BidaskClub downgraded Five Below from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Deutsche Bank reissued a “buy” rating and set a $84.00 price target (down previously from $85.00) on shares of Five Below in a research report on Friday, May 25th. Deutsche Bank dropped their price target on Five Below from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 25th. Zacks Investment Research downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Monday, May 28th. Finally, JPMorgan Chase & Co. initiated coverage on Five Below in a research report on Monday, June 4th. They set an “overweight” rating and a $87.00 price target for the company.
In other news, Director Thomas Vellios sold 60,000 shares of the firm’s stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $103.18, for a total transaction of $6,190,800.00. Following the sale, the director now owns 661,977 shares in the company, valued at $68,302,786.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joel D. Anderson sold 20,929 shares of the firm’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $103.50, for a total value of $2,166,151.50. Following the sale, the insider now owns 29,117 shares in the company, valued at approximately $3,013,609.50. The disclosure for this sale can be found here. Insiders have sold 141,806 shares of company stock worth $14,531,056 in the last 90 days. Insiders own 2.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Summit Trail Advisors LLC boosted its holdings in shares of Five Below by 6,021.0% during the first quarter. Summit Trail Advisors LLC now owns 114,769 shares of the specialty retailer’s stock worth $115,000 after purchasing an additional 112,894 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Five Below during the second quarter worth $164,000. Tower Research Capital LLC TRC acquired a new stake in shares of Five Below during the second quarter worth $176,000. CIBC Asset Management Inc acquired a new stake in shares of Five Below during the second quarter worth $201,000. Finally, Oakbrook Investments LLC acquired a new position in Five Below in the second quarter valued at $215,000.
Five Below stock opened at $119.63 on Friday. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 66.83, a P/E/G ratio of 1.69 and a beta of 0.51. Five Below has a fifty-two week low of $47.73 and a fifty-two week high of $119.70.
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 beauty products comprising nail polish, lip gloss, fragrance, 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.
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