MKM Partners restated their buy rating on shares of Five Below Inc (NASDAQ:FIVE) in a research report sent to investors on Thursday. MKM Partners currently has a $51.00 target price on the stock, down from their prior target price of $54.00.
A number of other research firms have also weighed in on FIVE. Vetr raised Five Below from a hold rating to a buy rating and set a $46.72 target price on the stock in a report on Thursday, December 8th. Zacks Investment Research raised Five Below from a sell rating to a hold rating in a report on Wednesday, December 7th. Guggenheim reissued a buy rating and set a $52.00 target price on shares of Five Below in a report on Sunday, December 4th. Cantor Fitzgerald reissued a buy rating on shares of Five Below in a report on Friday, December 9th. Finally, Loop Capital began coverage on Five Below in a report on Wednesday, December 7th. They set a buy rating and a $54.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Five Below currently has a consensus rating of Buy and an average price target of $47.24.
Five Below (NASDAQ:FIVE) opened at 42.58 on Thursday. The company has a market capitalization of $2.34 billion, a PE ratio of 32.75 and a beta of 1.02. The company has a 50-day moving average price of $39.24 and a 200 day moving average price of $39.64. Five Below has a 12 month low of $35.03 and a 12 month high of $52.70.
Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 22nd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $388.10 million for the quarter, compared to analyst estimates of $387.63 million. Five Below had a return on equity of 24.48% and a net margin of 6.82%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. On average, equities research analysts forecast that Five Below will post $1.29 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Five Below during the fourth quarter worth about $16,879,000. Thrivent Financial for Lutherans boosted its position in shares of Five Below by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,700 shares of the company’s stock worth $1,187,000 after buying an additional 1,690 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of Five Below during the fourth quarter worth about $120,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Five Below by 6.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 43,149 shares of the company’s stock worth $1,724,000 after buying an additional 2,520 shares during the last quarter. Finally, Congress Asset Management Co. MA purchased a new position in shares of Five Below during the fourth quarter worth about $517,000.
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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