Five Below, Inc. (FIVE) Downgraded to Hold at BidaskClub

BidaskClub cut shares of Five Below, Inc. (NASDAQ:FIVE) from a buy rating to a hold rating in a research report released on Wednesday morning.

Other research analysts have also issued research reports about the stock. UBS AG restated a buy rating and set a $50.00 target price on shares of Five Below in a research report on Thursday, March 23rd. Jefferies Group LLC increased their price target on shares of Five Below from $55.00 to $62.00 and gave the stock a buy rating in a research report on Tuesday, May 9th. Royal Bank Of Canada reiterated a buy rating and set a $50.00 price target on shares of Five Below in a research report on Monday, May 15th. Vetr lowered shares of Five Below from a buy rating to a hold rating and set a $46.85 price target on the stock. in a research report on Tuesday, April 11th. Finally, MKM Partners reiterated a buy rating and set a $51.00 price target (down previously from $54.00) on shares of Five Below in a research report on Thursday, March 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $53.74.

Shares of Five Below (FIVE) opened at 48.35 on Wednesday. Five Below has a 12-month low of $35.03 and a 12-month high of $54.13. The firm has a market capitalization of $2.66 billion, a P/E ratio of 36.38 and a beta of 0.95. The firm’s 50-day moving average price is $50.69 and its 200-day moving average price is $44.00.

Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, June 1st. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Five Below had a net margin of 7.06% and a return on equity of 24.02%. The firm had revenue of $232.90 million for the quarter, compared to analyst estimates of $230.75 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. Equities analysts predict that Five Below will post $1.64 earnings per share for the current fiscal year.

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In other news, CFO Kenneth R. Bull sold 17,300 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.90, for a total transaction of $932,470.00. Following the completion of the transaction, the chief financial officer now owns 76,544 shares of the company’s stock, valued at $4,125,721.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.92% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Legato Capital Management LLC increased its position in Five Below by 4,230.9% in the first quarter. Legato Capital Management LLC now owns 34,994 shares of the specialty retailer’s stock valued at $808,000 after buying an additional 34,186 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Five Below by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the specialty retailer’s stock valued at $970,000 after buying an additional 300 shares during the last quarter. Torch Wealth Management LLC increased its position in Five Below by 0.5% in the first quarter. Torch Wealth Management LLC now owns 18,575 shares of the specialty retailer’s stock valued at $804,000 after buying an additional 100 shares during the last quarter. Parametrica Management Ltd acquired a new position in Five Below during the first quarter valued at about $773,000. Finally, First National Bank of Omaha increased its position in Five Below by 31.9% in the first quarter. First National Bank of Omaha now owns 25,770 shares of the specialty retailer’s stock valued at $1,116,000 after buying an additional 6,235 shares during the last quarter.

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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