Five Below (FIVE) Rating Lowered to Buy at BidaskClub

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.

Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company had revenue of $257.18 million for the quarter, compared to analyst estimates of $246.04 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. analysts expect that Five Below will post 1.81 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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