Five Below (NASDAQ:FIVE) had its price target raised by Morgan Stanley from $94.00 to $103.00 in a report issued on Friday, Marketbeat Ratings reports. They currently have a hold rating on the specialty retailer’s stock.
Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Five Below to $150.00 and gave the company an overweight rating in a report on Friday. Gordon Haskett raised shares of Five Below from a hold rating to a buy rating in a research report on Friday. MKM Partners boosted their price objective on shares of Five Below to $132.00 and gave the company a buy rating in a research report on Wednesday. Dougherty & Co cut shares of Five Below from a buy rating to a neutral rating in a research report on Wednesday. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Five Below from a hold rating to a buy rating and set a $124.00 price objective on the stock in a research report on Tuesday, August 21st. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $112.18.
Shares of FIVE stock traded up $15.38 on Friday, hitting $130.89. The stock had a trading volume of 5,214,512 shares, compared to its average volume of 776,937. Five Below has a twelve month low of $48.73 and a twelve month high of $136.13. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 73.12, a price-to-earnings-growth ratio of 1.68 and a beta of 0.52.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, September 6th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Five Below had a net margin of 8.83% and a return on equity of 26.98%. The company had revenue of $347.73 million during the quarter, compared to analyst estimates of $334.82 million. During the same quarter in the previous year, the business earned $0.30 EPS. The firm’s revenue was up 22.7% on a year-over-year basis. sell-side analysts predict that Five Below will post 2.46 earnings per share for the current year.
In other Five Below news, EVP Michael Romanko sold 6,673 shares of the business’s stock in a transaction dated Monday, June 25th. The shares were sold at an average price of $98.78, for a total transaction of $659,158.94. Following the sale, the executive vice president now directly owns 14,784 shares of the company’s stock, valued at approximately $1,460,363.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Vellios sold 60,000 shares of the business’s stock in a transaction dated 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 directly owns 661,977 shares in the company, valued at $68,302,786.86. The disclosure for this sale can be found here. Insiders sold a total of 141,806 shares of company stock worth $14,531,056 over the last ninety days. 2.60% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in Five Below by 6.6% during the 1st quarter. BlackRock Inc. now owns 7,177,761 shares of the specialty retailer’s stock worth $526,415,000 after buying an additional 446,571 shares in the last quarter. FMR LLC lifted its position in Five Below by 105.4% during the 2nd quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock worth $222,578,000 after buying an additional 1,168,796 shares in the last quarter. Renaissance Technologies LLC lifted its position in Five Below by 451.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,382,400 shares of the specialty retailer’s stock worth $135,074,000 after buying an additional 1,131,700 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Five Below by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,239,972 shares of the specialty retailer’s stock worth $90,940,000 after buying an additional 35,352 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its position in Five Below by 1.9% during the 1st quarter. GW&K Investment Management LLC now owns 1,042,859 shares of the specialty retailer’s stock worth $76,483,000 after buying an additional 19,603 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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