Five Below Inc. (NASDAQ:FIVE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room décor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “
Several other research firms have also commented on FIVE. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 target price (up from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. BTIG Research began coverage on Five Below in a report on Tuesday, August 23rd. They set a “neutral” rating on the stock. They noted that the move was a valuation call. RBC Capital Markets reissued an “outperform” rating and issued a $54.00 price objective (up from $53.00) on shares of Five Below in a report on Thursday, September 1st. Jefferies Group reissued a “buy” rating and issued a $55.00 price objective on shares of Five Below in a report on Thursday, September 1st. Finally, Royal Bank Of Canada raised their price objective on Five Below from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.81.
Shares of Five Below (NASDAQ:FIVE) traded down 4.89% during mid-day trading on Monday, hitting $40.26. The stock had a trading volume of 1,306,328 shares. Five Below has a one year low of $26.97 and a one year high of $52.70. The stock has a market cap of $2.21 billion, a P/E ratio of 35.35 and a beta of 1.02. The firm has a 50 day moving average of $38.51 and a 200-day moving average of $43.24.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $220.13 million for the quarter, compared to analyst estimates of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. Five Below’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. Equities research analysts expect that Five Below will post $1.31 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Five Below by 6.7% in the second quarter. Vanguard Group Inc. now owns 4,320,333 shares of the company’s stock worth $200,507,000 after buying an additional 272,191 shares in the last quarter. BlackRock Fund Advisors increased its stake in Five Below by 8.3% in the third quarter. BlackRock Fund Advisors now owns 3,784,516 shares of the company’s stock worth $152,478,000 after buying an additional 290,305 shares in the last quarter. Capital Research Global Investors increased its stake in Five Below by 0.4% in the third quarter. Capital Research Global Investors now owns 2,757,120 shares of the company’s stock worth $111,084,000 after buying an additional 10,900 shares in the last quarter. Wells Fargo & Company MN increased its stake in Five Below by 45.8% in the third quarter. Wells Fargo & Company MN now owns 2,191,769 shares of the company’s stock worth $88,307,000 after buying an additional 688,359 shares in the last quarter. Finally, Riverbridge Partners LLC increased its stake in Five Below by 13.0% in the third quarter. Riverbridge Partners LLC now owns 2,022,952 shares of the company’s stock worth $81,505,000 after buying an additional 232,643 shares in the last quarter.
About Five Below
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.