Five Below (NASDAQ:FIVE) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.
Several other equities analysts have also issued reports on FIVE. Wells Fargo & Co initiated coverage on Five Below in a research note on Friday, November 3rd. They issued an “outperform” rating and a $65.00 target price on the stock. Zacks Investment Research lowered Five Below from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. KeyCorp reiterated a “hold” rating on shares of Five Below in a research note on Friday, November 10th. Loop Capital lowered Five Below from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research note on Monday, November 20th. Finally, MKM Partners lifted their target price on Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, November 28th. One investment 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’s stock. Five Below currently has a consensus rating of “Buy” and an average target price of $64.33.
Five Below (NASDAQ FIVE) opened at $66.92 on Friday. Five Below has a 52 week low of $37.14 and a 52 week high of $73.55. The stock has a market capitalization of $3,696.33, a PE ratio of 43.74, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67.
In other news, Director Ronald Sargent sold 80,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the sale, the director now owns 29,429 shares in the company, valued at $1,930,248.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric M. Specter sold 15,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $67.08, for a total value of $1,006,200.00. Following the sale, the insider now owns 13,883 shares in the company, valued at approximately $931,271.64. The disclosure for this sale can be found here. Insiders have sold 143,400 shares of company stock worth $9,474,401 in the last 90 days. Insiders own 3.22% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors acquired a new stake in shares of Five Below during the fourth quarter worth about $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Five Below by 53.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock worth $180,000 after purchasing an additional 943 shares during the period. M&T Bank Corp acquired a new stake in shares of Five Below during the fourth quarter worth about $211,000. Wedbush Securities Inc. acquired a new stake in shares of Five Below during the fourth quarter worth about $214,000. Finally, MML Investors Services LLC acquired a new stake in shares of Five Below during the fourth quarter worth about $238,000.
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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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