Five Below, Inc. (FIVE) Upgraded at Zacks Investment Research

Five Below, Inc. (NASDAQ:FIVE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, September 7th. The brokerage presently has a $55.00 price target on the specialty retailer’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.91% from the stock’s previous close.

According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room décor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “

Other research analysts have also recently issued research reports about the stock. Guggenheim reissued a “buy” rating and set a $60.00 target price (up previously from $52.00) on shares of Five Below in a report on Saturday, June 3rd. Loop Capital reissued a “buy” rating and set a $60.00 target price (up previously from $54.00) on shares of Five Below in a report on Friday, June 2nd. UBS AG raised their target price on shares of Five Below from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, June 2nd. MKM Partners reissued a “buy” rating and set a $57.00 target price (up previously from $51.00) on shares of Five Below in a report on Thursday, June 1st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $50.00 price target on shares of Five Below in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $54.15.

Shares of Five Below (NASDAQ FIVE) traded down 0.08% on Thursday, hitting $49.59. The stock had a trading volume of 647,268 shares. The stock has a market cap of $2.74 billion, a PE ratio of 34.25 and a beta of 0.93. Five Below has a 12 month low of $35.03 and a 12 month high of $54.13. The company has a 50 day moving average price of $49.07 and a 200-day moving average price of $47.35.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s revenue was up 28.7% compared to the same quarter last year. On average, equities research analysts anticipate that Five Below will post $1.67 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.truebluetribune.com/2017/09/17/five-below-inc-five-raised-to-buy-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its position in Five Below by 0.3% during the second quarter. Alps Advisors Inc. now owns 12,496 shares of the specialty retailer’s stock worth $617,000 after acquiring an additional 32 shares during the last quarter. LS Investment Advisors LLC raised its stake in Five Below by 0.8% during the second quarter. LS Investment Advisors LLC now owns 4,732 shares of the specialty retailer’s stock worth $234,000 after purchasing an additional 39 shares during the period. First Mercantile Trust Co. raised its stake in Five Below by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 40 shares during the period. Renaissance Group LLC raised its stake in Five Below by 1.2% during the second quarter. Renaissance Group LLC now owns 7,927 shares of the specialty retailer’s stock worth $391,000 after purchasing an additional 95 shares during the period. Finally, Arizona State Retirement System raised its stake in Five Below by 0.3% during the second quarter. Arizona State Retirement System now owns 28,700 shares of the specialty retailer’s stock worth $1,417,000 after purchasing an additional 100 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. Its product groups include leisure, fashion and home, and party and snack.

Get a free copy of the Zacks research report on Five Below (FIVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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.

Latest News

Leave a Reply