Five Below Inc (NASDAQ:FIVE) shares gapped up before the market opened on Friday after Vetr upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $42.72, but opened at $42.25. Vetr now has a $47.56 price target on the stock. Five Below shares last traded at $42.87, with a volume of 1,441,450 shares trading hands.
Other research analysts have also recently issued research reports about the company. MKM Partners reissued a “buy” rating and issued a $51.00 price objective (down previously from $54.00) on shares of Five Below in a research note on Thursday, March 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Five Below in a research report on Thursday, March 23rd. Zacks Investment Research downgraded Five Below from a “hold” rating to a “sell” rating in a research report on Wednesday, February 1st. Royal Bank of Canada set a $50.00 price target on Five Below and gave the stock a “buy” rating in a research report on Monday, April 3rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $54.00 price target on shares of Five Below in a research report on Friday, March 17th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.09.
Large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new position in Five Below during the third quarter worth $108,000. Ladenburg Thalmann Financial Services Inc. raised its position in Five Below by 12.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,864 shares of the specialty retailer’s stock worth $114,000 after buying an additional 307 shares during the period. Flinton Capital Management LLC acquired a new position in Five Below during the fourth quarter worth $116,000. Independent Advisor Alliance acquired a new position in Five Below during the fourth quarter worth $120,000. Finally, Advisor Group Inc. raised its position in Five Below by 6.0% in the third quarter. Advisor Group Inc. now owns 4,193 shares of the specialty retailer’s stock worth $168,000 after buying an additional 238 shares during the period.
The firm has a 50-day moving average price of $41.87 and a 200-day moving average price of $40.04. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 36.71 and a beta of 1.02.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 22nd. The specialty retailer reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The firm earned $388.10 million during the quarter, compared to analysts’ expectations of $387.63 million. Five Below had a net margin of 6.82% and a return on equity of 24.48%. The company’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, equities research analysts predict that Five Below Inc will post $1.59 earnings per share for the current fiscal year.
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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. The Company’s product groups include leisure, fashion and home, and party and snack.
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