Five Below Inc (FIVE) Receives $135.17 Average PT from Analysts

Five Below Inc (NASDAQ:FIVE) has been given an average rating of “Buy” by the twenty-two brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $135.44.

A number of equities research analysts recently commented on the company. Bank of America reaffirmed a “buy” rating and set a $150.00 target price on shares of Five Below in a report on Thursday. Credit Suisse Group reaffirmed a “neutral” rating and set a $125.00 target price (up previously from $120.00) on shares of Five Below in a report on Thursday. UBS Group lifted their target price on Five Below from $120.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday. BidaskClub downgraded Five Below from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Barclays downgraded Five Below from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $128.00 to $140.00 in a report on Monday, May 6th. They noted that the move was a valuation call.

In other news, CAO Eric M. Specter sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $133.60, for a total value of $2,004,000.00. Following the completion of the sale, the chief accounting officer now directly owns 35,108 shares in the company, valued at $4,690,428.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joel D. Anderson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $131.06, for a total value of $3,931,800.00. Following the completion of the sale, the chief executive officer now owns 192,174 shares of the company’s stock, valued at $25,186,324.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,381 shares of company stock valued at $7,344,004. 2.50% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its position in shares of Five Below by 15.2% in the first quarter. Rehmann Capital Advisory Group now owns 598 shares of the specialty retailer’s stock valued at $74,000 after buying an additional 79 shares in the last quarter. GYL Financial Synergies LLC purchased a new stake in shares of Five Below in the first quarter valued at approximately $889,000. Nordea Investment Management AB increased its position in shares of Five Below by 0.5% in the first quarter. Nordea Investment Management AB now owns 39,125 shares of the specialty retailer’s stock valued at $4,860,000 after buying an additional 183 shares in the last quarter. FMR LLC increased its position in shares of Five Below by 96.6% in the first quarter. FMR LLC now owns 2,471,352 shares of the specialty retailer’s stock valued at $307,065,000 after buying an additional 1,214,030 shares in the last quarter. Finally, BlueMountain Capital Management LLC increased its position in shares of Five Below by 32.1% in the first quarter. BlueMountain Capital Management LLC now owns 98,660 shares of the specialty retailer’s stock valued at $12,259,000 after buying an additional 23,971 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Five Below stock opened at $121.81 on Tuesday. Five Below has a 52 week low of $86.57 and a 52 week high of $148.21. The stock has a market cap of $6.88 billion, a P/E ratio of 47.40, a PEG ratio of 1.38 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. Five Below had a return on equity of 26.20% and a net margin of 9.43%. The firm had revenue of $364.76 million during the quarter, compared to the consensus estimate of $362.28 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year. Analysts expect that Five Below will post 3.06 EPS for the current fiscal year.

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 nail polishes, lip glosses, fragrances, 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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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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