Deutsche Bank Upgrades Five Below (FIVE) to Buy

Five Below (NASDAQ:FIVE) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $54.00 price objective on the specialty retailer’s stock. Deutsche Bank’s target price indicates a potential downside of 25.66% from the company’s current price.

Several other research analysts have also commented on FIVE. Zacks Investment Research lowered shares of Five Below from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and set a $52.00 price objective on shares of Five Below in a research note on Tuesday, September 12th. BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Wells Fargo & Co started coverage on shares of Five Below in a research note on Friday, November 3rd. They set an “outperform” rating and a $65.00 price objective for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Five Below in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Five Below has a consensus rating of “Buy” and a consensus price target of $62.29.

Five Below (FIVE) traded up $1.84 during mid-day trading on Wednesday, hitting $72.64. 1,438,800 shares of the company were exchanged, compared to its average volume of 1,514,167. Five Below has a 1 year low of $37.14 and a 1 year high of $73.05. The stock has a market capitalization of $4,040.00, a price-to-earnings ratio of 47.48, a PEG ratio of 1.50 and a beta of 0.84.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $257.18 million during the quarter, compared to analyst estimates of $246.04 million. Five Below had a net margin of 7.31% and a return on equity of 23.85%. Five Below’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share. sell-side analysts expect that Five Below will post 1.78 EPS for the current fiscal year.

In related news, Director Ronald Sargent sold 80,000 shares of Five Below stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total value of $5,247,200.00. Following the completion of the sale, the director now directly owns 29,429 shares in the company, valued at $1,930,248.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth R. Bull sold 15,946 shares of Five Below stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $66.00, for a total value of $1,052,436.00. Following the completion of the sale, the chief financial officer now owns 59,544 shares of the company’s stock, valued at $3,929,904. The disclosure for this sale can be found here. Insiders have sold 143,400 shares of company stock valued at $9,474,401 over the last three months. Insiders own 3.22% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FIVE. Schwab Charles Investment Management Inc. raised its holdings in shares of Five Below by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 290,516 shares of the specialty retailer’s stock valued at $14,343,000 after acquiring an additional 12,504 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Five Below by 11.7% in the second quarter. Legal & General Group Plc now owns 106,198 shares of the specialty retailer’s stock valued at $5,239,000 after acquiring an additional 11,110 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Five Below by 82.4% in the second quarter. Prudential Financial Inc. now owns 175,930 shares of the specialty retailer’s stock valued at $8,685,000 after acquiring an additional 79,480 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Five Below by 28.6% in the second quarter. Neuberger Berman Group LLC now owns 494,276 shares of the specialty retailer’s stock valued at $24,402,000 after acquiring an additional 110,050 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Five Below by 1.4% in the second quarter. Principal Financial Group Inc. now owns 463,076 shares of the specialty retailer’s stock valued at $22,862,000 after acquiring an additional 6,207 shares in the last quarter.

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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. Its product groups include leisure, fashion and home, and party and snack.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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