Five Below, Inc. (NASDAQ:FIVE) Receives Consensus Recommendation of “Hold” from Brokerages

Five Below, Inc. (NASDAQ:FIVE) has been given a consensus recommendation of “Hold” by the twenty-one brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $116.15.

Several research firms have recently weighed in on FIVE. Citigroup lifted their target price on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Craig Hallum increased their target price on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th.

Five Below Trading Up 1.2 %

Five Below stock opened at $106.33 on Thursday. The business’s 50 day simple moving average is $94.37 and its 200 day simple moving average is $92.90. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.12 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities research analysts forecast that Five Below will post 4.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after purchasing an additional 180,902 shares in the last quarter. National Bank of Canada FI lifted its position in Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after buying an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Five Below in the third quarter worth approximately $3,282,000. Janney Montgomery Scott LLC boosted its stake in Five Below by 72.8% in the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after buying an additional 9,188 shares in the last quarter. Finally, Algert Global LLC grew its position in Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after acquiring an additional 20,266 shares during the last quarter.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.