Five Below (FIVE) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of Five Below (NASDAQ:FIVE) from an equal weight rating to an overweight rating in a report published on Friday, The Fly reports.

Several other brokerages have also commented on FIVE. JPMorgan Chase & Co. decreased their price target on Five Below to $153.00 in a research note on Sunday, December 2nd. Credit Suisse Group decreased their price target on Five Below from $125.00 to $115.00 and set a neutral rating on the stock in a research note on Thursday. Dougherty & Co lowered Five Below from a buy rating to a neutral rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. BidaskClub raised Five Below from a buy rating to a strong-buy rating in a research note on Thursday, November 8th. Finally, Citigroup boosted their price target on Five Below from $117.00 to $133.00 and gave the company a buy rating in a research note on Friday, September 7th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Five Below has an average rating of Buy and a consensus target price of $119.00.

FIVE stock traded down $6.21 during trading on Friday, hitting $95.58. The company had a trading volume of 2,063,788 shares, compared to its average volume of 1,188,133. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 53.40, a P/E/G ratio of 1.30 and a beta of 0.52. Five Below has a fifty-two week low of $60.00 and a fifty-two week high of $136.13.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The business had revenue of $312.82 million for the quarter, compared to analyst estimates of $303.54 million. Five Below had a return on equity of 24.58% and a net margin of 8.74%. As a group, research analysts anticipate that Five Below will post 2.62 EPS for the current year.

In other Five Below news, Director Daniel Kaufman sold 3,995 shares of Five Below stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $133.18, for a total value of $532,054.10. Following the completion of the transaction, the director now owns 5,047 shares in the company, valued at approximately $672,159.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Romanko sold 3,308 shares of Five Below stock in a transaction on Monday, September 24th. The shares were sold at an average price of $126.00, for a total value of $416,808.00. Following the completion of the transaction, the executive vice president now owns 18,092 shares of the company’s stock, valued at approximately $2,279,592. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,303 shares of company stock valued at $2,346,022. Corporate insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in Five Below by 5.2% in the 3rd quarter. BlackRock Inc. now owns 6,575,425 shares of the specialty retailer’s stock valued at $855,199,000 after purchasing an additional 322,174 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Five Below by 5.4% during the third quarter. Vanguard Group Inc. now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after acquiring an additional 261,259 shares during the last quarter. FMR LLC raised its position in shares of Five Below by 105.4% during the second quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock worth $222,578,000 after acquiring an additional 1,168,796 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Five Below by 451.4% during the second quarter. Renaissance Technologies LLC now owns 1,382,400 shares of the specialty retailer’s stock worth $135,074,000 after acquiring an additional 1,131,700 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Five Below by 21.1% during the second quarter. Northern Trust Corp now owns 951,983 shares of the specialty retailer’s stock worth $93,018,000 after acquiring an additional 166,095 shares during the last quarter. Hedge funds and other institutional investors own 95.42% of the company’s stock.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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