Five Below Inc (NASDAQ:FIVE) Given Average Rating of “Buy” by Analysts

Five Below Inc (NASDAQ:FIVE) has been assigned an average rating of “Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $137.24.

FIVE has been the topic of a number of recent research reports. ValuEngine cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Loop Capital raised shares of Five Below from a “hold” rating to a “buy” rating and lifted their price target for the company from $120.00 to $145.00 in a research report on Tuesday, March 19th. Bank of America initiated coverage on shares of Five Below in a research report on Thursday, March 7th. They set a “buy” rating and a $140.00 price target on the stock. Buckingham Research lifted their price target on shares of Five Below from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, BidaskClub raised shares of Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th.

Shares of FIVE traded down $0.76 during mid-day trading on Friday, hitting $120.02. The company had a trading volume of 7,122,896 shares, compared to its average volume of 1,257,628. The business has a 50-day moving average of $128.84. The company has a current ratio of 1.89, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00. Five Below has a 1-year low of $86.57 and a 1-year high of $148.21. The company has a market cap of $6.76 billion, a PE ratio of 46.70, a PEG ratio of 1.43 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $364.76 million for the quarter, compared to analysts’ expectations of $362.28 million. Five Below had a net margin of 9.43% and a return on equity of 25.21%. Five Below’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Research analysts forecast that Five Below will post 3.06 earnings per share for the current year.

In other news, CEO Joel D. Anderson sold 30,000 shares of Five Below stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the sale, the chief executive officer now owns 192,174 shares in the company, valued at $25,186,324.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Romanko sold 7,881 shares of Five Below stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $134.00, for a total transaction of $1,056,054.00. Following the sale, the executive vice president now owns 27,907 shares in the company, valued at approximately $3,739,538. The disclosure for this sale can be found here. Insiders have sold 62,484 shares of company stock worth $8,268,317 in the last quarter. Insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Optimum Investment Advisors bought a new stake in shares of Five Below in the first quarter worth $31,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Five Below in the fourth quarter worth $41,000. Quadrant Capital Group LLC increased its stake in shares of Five Below by 74.2% in the first quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock worth $55,000 after buying an additional 198 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Five Below in the first quarter worth $60,000. Finally, Carroll Financial Associates Inc. increased its stake in shares of Five Below by 43.9% in the first quarter. Carroll Financial Associates Inc. now owns 492 shares of the specialty retailer’s stock worth $61,000 after buying an additional 150 shares during the last quarter. Institutional investors own 95.60% of the company’s stock.

About Five Below

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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