Five Below (NASDAQ:FIVE) Upgraded to Outperform at Credit Suisse Group

Five Below (NASDAQ:FIVE) was upgraded by stock analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Tuesday, The Fly reports.

Several other analysts also recently weighed in on the stock. Guggenheim reissued a “buy” rating and issued a $140.00 price target on shares of Five Below in a research note on Monday, November 25th. William Blair started coverage on shares of Five Below in a research report on Friday, October 4th. They set an “outperform” rating on the stock. Loop Capital set a $145.00 price objective on shares of Five Below and gave the company a “buy” rating in a report on Monday, September 23rd. Bank of America reiterated a “buy” rating and set a $150.00 price objective on shares of Five Below in a research note on Thursday, December 5th. Finally, BidaskClub downgraded shares of Five Below from a “hold” rating to a “sell” rating in a report on Saturday, November 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $139.58.

NASDAQ FIVE opened at $107.46 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.52 and a current ratio of 1.57. Five Below has a 52 week low of $95.52 and a 52 week high of $148.21. The stock has a fifty day moving average of $123.29 and a 200-day moving average of $123.39. The stock has a market capitalization of $6.75 billion, a P/E ratio of 41.81, a price-to-earnings-growth ratio of 1.63 and a beta of 0.50.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Five Below had a return on equity of 23.01% and a net margin of 8.74%. The company had revenue of $377.40 million for the quarter, compared to the consensus estimate of $373.64 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities research analysts forecast that Five Below will post 3.06 earnings per share for the current fiscal year.

In other Five Below news, Director Thomas Vellios sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $133.31, for a total transaction of $7,998,600.00. Following the sale, the director now owns 604,186 shares of the company’s stock, valued at $80,544,035.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Sandy Spring Bank purchased a new position in shares of Five Below during the third quarter worth approximately $25,000. Squar Milner Financial Services LLC grew its position in shares of Five Below by 404.5% during the third quarter. Squar Milner Financial Services LLC now owns 222 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 178 shares during the last quarter. Tompkins Financial Corp purchased a new position in shares of Five Below during the third quarter worth approximately $38,000. Quest Capital Management Inc. ADV purchased a new position in shares of Five Below during the third quarter worth approximately $50,000. Finally, Shine Investment Advisory Services Inc. grew its position in shares of Five Below by 54.4% during the third quarter. Shine Investment Advisory Services Inc. now owns 471 shares of the specialty retailer’s stock worth $59,000 after acquiring an additional 166 shares during the last quarter. 97.00% of the stock is currently owned by institutional investors.

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.

Further Reading: Asset Allocation, Balancing Your Investments

The Fly

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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