Investment analysts at Barclays PLC assumed coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a report issued on Friday. The brokerage set an “equal weight” rating and a $42.00 price target on the stock. Barclays PLC’s price target points to a potential downside of 0.26% from the stock’s current price.
A number of other equities research analysts have also recently commented on the company. MKM Partners reissued a “buy” rating and issued a $60.00 price objective on shares of Five Below in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $42.00 target price on shares of Five Below in a research report on Tuesday, September 6th. RBC Capital Markets reaffirmed an “outperform” rating and set a $54.00 target price (up previously from $53.00) on shares of Five Below in a research report on Thursday, September 1st. Jefferies Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Five Below in a research report on Thursday, September 1st. Finally, Royal Bank Of Canada lifted their target price on Five Below from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, September 1st. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.50.
Five Below (NASDAQ:FIVE) opened at 42.11 on Friday. Five Below has a one year low of $26.95 and a one year high of $52.70. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 36.97 and a beta of 0.96. The firm has a 50-day moving average price of $45.35 and a 200-day moving average price of $43.61.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The firm earned $220.13 million during the quarter, compared to analysts’ expectations of $219.60 million. During the same quarter last year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. Analysts expect that Five Below will post $1.32 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC bought a new stake in Five Below during the second quarter worth about $496,000. Royal Bank of Canada raised its stake in Five Below by 72.4% in the second quarter. Royal Bank of Canada now owns 115,823 shares of the company’s stock worth $5,375,000 after buying an additional 48,659 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Five Below by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 234,679 shares of the company’s stock worth $10,892,000 after buying an additional 2,946 shares during the last quarter. Amalgamated Bank raised its stake in Five Below by 8.1% in the second quarter. Amalgamated Bank now owns 6,199 shares of the company’s stock worth $312,000 after buying an additional 464 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Five Below by 1.4% in the second quarter. Arizona State Retirement System now owns 28,400 shares of the company’s stock valued at $1,318,000 after buying an additional 400 shares during the last quarter.
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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