Five Below, Inc. (NASDAQ:FIVE) Given Consensus Recommendation of “Moderate Buy” by Analysts
by Scott Moore · The Cerbat GemFive Below, Inc. (NASDAQ:FIVE – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $240.10.
Several equities research analysts have weighed in on the stock. Guggenheim raised their target price on shares of Five Below from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $206.00 target price on shares of Five Below in a research note on Monday, February 9th. BNP Paribas Exane raised their target price on shares of Five Below from $189.00 to $262.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. The Goldman Sachs Group raised their target price on shares of Five Below from $188.00 to $216.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Morgan Stanley raised their target price on shares of Five Below from $190.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th.
View Our Latest Report on FIVE
Five Below Stock Down 0.6%
Shares of FIVE opened at $219.85 on Wednesday. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 1.66 and a beta of 1.07. Five Below has a twelve month low of $61.53 and a twelve month high of $238.40. The company has a 50 day moving average of $219.20 and a two-hundred day moving average of $188.05.
Five Below (NASDAQ:FIVE – Get Free Report) last announced its earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.31. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. Five Below had a net margin of 7.53% and a return on equity of 18.70%. Five Below’s revenue was up 24.3% compared to the same quarter last year. During the same period last year, the firm earned $3.48 earnings per share. On average, sell-side analysts expect that Five Below will post 4.93 EPS for the current year.
Insider Buying and Selling at Five Below
In other news, COO Kenneth R. Bull sold 10,000 shares of Five Below stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the sale, the chief operating officer directly owned 92,531 shares in the company, valued at approximately $21,665,208.34. The trade was a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald Sargent sold 10,000 shares of Five Below stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the sale, the director owned 83,674 shares of the company’s stock, valued at $19,352,122.72. The trade was a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,925 shares of company stock valued at $5,043,608 over the last quarter. Insiders own 1.90% of the company’s stock.
Institutional Investors Weigh In On Five Below
Institutional investors and hedge funds have recently made changes to their positions in the stock. Eastern Bank lifted its stake in shares of Five Below by 705.0% during the third quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after buying an additional 141 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Five Below during the third quarter worth $32,000. Bayban acquired a new stake in shares of Five Below during the fourth quarter worth $34,000. V Square Quantitative Management LLC acquired a new stake in shares of Five Below during the fourth quarter worth $35,000. Finally, CI Investments Inc. lifted its stake in shares of Five Below by 44.3% during the third quarter. CI Investments Inc. now owns 241 shares of the specialty retailer’s stock worth $37,000 after buying an additional 74 shares during the period.
About Five Below
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.