Five Below (NASDAQ:FIVE) had its price target hoisted by analysts at Buckingham Research from $115.00 to $140.00 in a research report issued on Friday. The firm presently has a “buy” rating on the specialty retailer’s stock. Buckingham Research’s price target indicates a potential upside of 21.20% from the stock’s current price.
FIVE has been the topic of a number of other reports. UBS Group increased their price target on Five Below from $75.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, June 7th. BidaskClub upgraded Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Morgan Stanley upgraded Five Below from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 10th. MKM Partners increased their price target on Five Below to $132.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Loop Capital increased their price target on Five Below to $100.00 and gave the stock a “hold” rating in a research report on Tuesday, July 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $105.18.
Shares of NASDAQ FIVE opened at $115.51 on Friday. Five Below has a 52-week low of $48.73 and a 52-week high of $119.70. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 64.53, a PEG ratio of 1.67 and a beta of 0.52.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $347.73 million for the quarter, compared to analysts’ expectations of $334.82 million. Five Below had a return on equity of 26.59% and a net margin of 8.64%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. equities research analysts expect that Five Below will post 2.46 EPS for the current fiscal year.
In other Five Below news, Director Thomas M. Ryan sold 35,000 shares of the stock in a transaction on Friday, July 20th. The stock was sold at an average price of $103.25, for a total transaction of $3,613,750.00. Following the completion of the transaction, the director now directly owns 9,710 shares of the company’s stock, valued at approximately $1,002,557.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kenneth R. Bull sold 19,204 shares of the stock in a transaction on Monday, June 25th. The shares were sold at an average price of $99.00, for a total value of $1,901,196.00. Following the transaction, the chief financial officer now directly owns 72,990 shares of the company’s stock, valued at $7,226,010. The disclosure for this sale can be found here. Insiders sold a total of 141,806 shares of company stock valued at $14,531,056 over the last three months. Corporate insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank boosted its stake in Five Below by 14.5% during the 2nd quarter. Amalgamated Bank now owns 8,911 shares of the specialty retailer’s stock valued at $871,000 after purchasing an additional 1,127 shares in the last quarter. New Mexico Educational Retirement Board bought a new position in Five Below during the 2nd quarter valued at $1,270,000. Wells Fargo & Company MN boosted its stake in Five Below by 25.9% during the 2nd quarter. Wells Fargo & Company MN now owns 812,560 shares of the specialty retailer’s stock valued at $79,395,000 after purchasing an additional 167,185 shares in the last quarter. American International Group Inc. boosted its stake in Five Below by 324.0% during the 2nd quarter. American International Group Inc. now owns 146,505 shares of the specialty retailer’s stock valued at $14,315,000 after purchasing an additional 111,954 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Five Below by 37.3% during the 2nd quarter. LS Investment Advisors LLC now owns 5,734 shares of the specialty retailer’s stock valued at $560,000 after purchasing an additional 1,558 shares in the last quarter.
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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