Zacks Investment Research lowered shares of Five Below Inc. (NASDAQ:FIVE) from a hold rating to a sell rating in a research report report published on Monday morning.
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. “
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank AG reaffirmed a hold rating and issued a $46.00 price target (up previously 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 issued a neutral rating for the company. They noted that the move was a valuation call. Royal Bank Of Canada increased their price target on Five Below from $53.00 to $54.00 and gave the company an outperform rating in a report on Thursday, September 1st. Jefferies Group reaffirmed a buy rating and issued a $55.00 price target on shares of Five Below in a report on Thursday, September 1st. Finally, RBC Capital Markets reaffirmed an outperform rating and issued a $54.00 price target (up previously from $53.00) on shares of Five Below in a report on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Five Below has an average rating of Buy and a consensus price target of $47.81.
Shares of Five Below (NASDAQ:FIVE) opened at 40.26 on Monday. Five Below has a one year low of $26.97 and a one year high of $52.70. The firm has a 50 day moving average price of $38.51 and a 200 day moving average price of $43.24. The stock has a market capitalization of $2.21 billion, a PE ratio of 35.35 and a beta of 1.02.
Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $220.13 million for the quarter, compared to the consensus estimate of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. Analysts predict that Five Below will post $1.31 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. bought a new position in Five Below during the third quarter worth about $108,000. FineMark National Bank & Trust increased its stake in shares of Five Below by 10.1% in the second quarter. FineMark National Bank & Trust now owns 2,621 shares of the company’s stock worth $122,000 after buying an additional 240 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in shares of Five Below during the second quarter worth about $129,000. Advisor Group Inc. increased its stake in shares of Five Below by 6.0% in the third quarter. Advisor Group Inc. now owns 4,193 shares of the company’s stock worth $168,000 after buying an additional 238 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Five Below by 240.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the company’s stock worth $189,000 after buying an additional 2,891 shares during the period.
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.