Five Below Inc (FIVE) Cut to Buy at Vetr Inc.

Vetr cut shares of Five Below Inc (NASDAQ:FIVE) from a strong-buy rating to a buy rating in a research report released on Thursday. Vetr currently has $46.08 price target on the stock.

Other equities research analysts have also issued reports about the stock. MKM Partners reiterated a buy rating and set a $51.00 target price (down from $54.00) on shares of Five Below in a research note on Thursday, March 23rd. Jefferies Group LLC reiterated a buy rating and set a $55.00 target price on shares of Five Below in a research note on Thursday, March 23rd. Barclays PLC reiterated an equal weight rating and set a $42.00 target price on shares of Five Below in a research note on Tuesday, November 29th. Zacks Investment Research lowered shares of Five Below from a hold rating to a sell rating in a research note on Wednesday, February 1st. Finally, Loop Capital reiterated a buy rating and set a $54.00 target price on shares of Five Below in a research note on Friday, March 17th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $47.24.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Shares of Five Below (NASDAQ:FIVE) opened at 42.58 on Thursday. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 32.75 and a beta of 1.02. The company’s 50-day moving average price is $39.24 and its 200 day moving average price is $39.64. Five Below has a 1-year low of $35.03 and a 1-year high of $52.70.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 22nd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business earned $388.10 million during the quarter, compared to analyst estimates of $387.63 million. Five Below had a net margin of 6.82% and a return on equity of 24.48%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. On average, analysts predict that Five Below will post $1.29 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was first posted by Mideast Time and is the sole property of of Mideast Time. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.mideasttime.com/five-below-inc-five-cut-to-buy-at-vetr-inc/1590276.html.

Several large investors have recently bought and sold shares of the company. Timpani Capital Management LLC raised its stake in Five Below by 311.0% in the third quarter. Timpani Capital Management LLC now owns 72,255 shares of the company’s stock valued at $2,911,000 after buying an additional 54,676 shares during the period. Comerica Bank raised its stake in Five Below by 5.6% in the fourth quarter. Comerica Bank now owns 58,835 shares of the company’s stock valued at $2,428,000 after buying an additional 3,105 shares during the period. BlackRock Fund Advisors raised its stake in Five Below by 8.3% in the third quarter. BlackRock Fund Advisors now owns 3,784,516 shares of the company’s stock valued at $152,478,000 after buying an additional 290,305 shares during the period. Victory Capital Management Inc. raised its stake in Five Below by 73,572.2% in the third quarter. Victory Capital Management Inc. now owns 1,465,341 shares of the company’s stock valued at $59,038,000 after buying an additional 1,463,352 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Five Below by 45.8% in the third quarter. Wells Fargo & Company MN now owns 2,191,769 shares of the company’s stock valued at $88,307,000 after buying an additional 688,359 shares during the period.

About Five Below

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.

5 Day Chart for NASDAQ:FIVE

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Five Below Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.