Five Below (NASDAQ:FIVE) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Five Below (NASDAQ:FIVE) from a hold rating to a buy rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other equities analysts have also recently commented on FIVE. Wells Fargo & Co upped their target price on shares of Five Below from $143.00 to $152.00 and gave the company an outperform rating in a research note on Thursday, September 5th. UBS Group cut their target price on shares of Five Below from $132.00 to $124.00 and set a neutral rating for the company in a research note on Tuesday, August 20th. Morgan Stanley started coverage on shares of Five Below in a research note on Monday, July 1st. They set an overweight rating and a $135.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Five Below from $140.00 to $143.00 and gave the company an overweight rating in a research note on Thursday, August 29th. Finally, Barclays restated a neutral rating on shares of Five Below in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Five Below presently has an average rating of Buy and an average price target of $137.22.

NASDAQ:FIVE opened at $129.82 on Friday. The stock has a market cap of $7.52 billion, a P/E ratio of 50.51, a PEG ratio of 1.74 and a beta of 0.59. Five Below has a one year low of $86.57 and a one year high of $148.21. The company has a fifty day moving average price of $117.56 and a 200 day moving average price of $125.31. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.98 and a quick ratio of 1.09.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $421.38 million. Five Below had a net margin of 9.26% and a return on equity of 24.52%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. As a group, equities research analysts anticipate that Five Below will post 3.04 EPS for the current year.

Several hedge funds have recently made changes to their positions in FIVE. Geode Capital Management LLC raised its stake in shares of Five Below by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 633,742 shares of the specialty retailer’s stock valued at $64,844,000 after buying an additional 47,729 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Five Below by 97.8% in the 1st quarter. SG Americas Securities LLC now owns 5,936 shares of the specialty retailer’s stock worth $738,000 after purchasing an additional 2,935 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Five Below by 23.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,953 shares of the specialty retailer’s stock worth $367,000 after purchasing an additional 552 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Five Below by 207.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 15,330 shares of the specialty retailer’s stock worth $1,907,000 after purchasing an additional 10,348 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Five Below by 1,054.6% in the 1st quarter. Victory Capital Management Inc. now owns 217,196 shares of the specialty retailer’s stock worth $26,987,000 after purchasing an additional 198,385 shares during the last quarter. Institutional investors own 97.77% of the company’s stock.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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