Stock analysts at KeyCorp initiated coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a report issued on Wednesday. The brokerage set an “overweight” rating and a $47.00 price target on the stock. KeyCorp’s price target suggests a potential upside of 23.36% from the company’s previous close.
FIVE has been the subject of several other research reports. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, July 15th. RBC Capital Markets reissued an “outperform” rating and set a $54.00 price target (up previously from $53.00) on shares of Five Below in a report on Thursday, September 1st. MKM Partners reissued a “buy” rating and set a $60.00 price target on shares of Five Below in a report on Monday, September 5th. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price target (up previously from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. Finally, Royal Bank Of Canada boosted their price target on shares of Five Below from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $47.63.
Five Below (NASDAQ:FIVE) opened at 38.10 on Wednesday. The stock has a market capitalization of $2.09 billion, a P/E ratio of 33.45 and a beta of 0.99. Five Below has a 12-month low of $26.95 and a 12-month high of $52.70. The firm’s 50-day moving average is $41.77 and its 200 day moving average is $43.66.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Five Below had a net margin of 6.93% and a return on equity of 26.01%. The company earned $220.13 million during the quarter, compared to the consensus estimate of $219.60 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities research analysts anticipate that Five Below will post $1.32 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FineMark National Bank & Trust raised its position in Five Below by 10.1% in the second quarter. FineMark National Bank & Trust now owns 2,621 shares of the company’s stock valued at $122,000 after buying an additional 240 shares during the period. Fortaleza Asset Management Inc. bought a new position in Five Below during the second quarter valued at $129,000. Huntington National Bank raised its position in Five Below by 5.4% in the second quarter. Huntington National Bank now owns 3,107 shares of the company’s stock valued at $144,000 after buying an additional 158 shares during the period. Advisor Group Inc. bought a new position in Five Below during the second quarter valued at $182,000. Finally, Tower Research Capital LLC TRC raised its position in Five Below by 240.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,092 shares of the company’s stock valued at $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.
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