Five Below (NASDAQ:FIVE) Shares Gap Up Following Analyst Upgrade

Five Below Inc (NASDAQ:FIVE)’s share price gapped up before the market opened on Friday after Royal Bank of Canada raised their price target on the stock from $126.00 to $130.00. The stock had previously closed at $123.74, but opened at $125.71. Royal Bank of Canada currently has an outperform rating on the stock. Five Below shares last traded at $123.34, with a volume of 30,594 shares traded.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley assumed coverage on Five Below in a report on Monday, July 1st. They set an “overweight” rating and a $135.00 price target for the company. Barclays downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $128.00 to $140.00 in a research report on Monday, May 6th. They noted that the move was a valuation call. BidaskClub upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. UBS Group cut their price objective on shares of Five Below from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Five Below from $140.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $134.72.

In other Five Below news, CFO Kenneth R. Bull sold 7,103 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $130.13, for a total transaction of $924,313.39. Following the completion of the sale, the chief financial officer now directly owns 79,227 shares in the company, valued at $10,309,809.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atria Investments LLC raised its position in Five Below by 6.0% during the second quarter. Atria Investments LLC now owns 13,460 shares of the specialty retailer’s stock valued at $1,477,000 after purchasing an additional 766 shares in the last quarter. Treasurer of the State of North Carolina acquired a new position in Five Below during the second quarter valued at approximately $2,738,000. Cresset Asset Management LLC raised its position in Five Below by 37.0% during the second quarter. Cresset Asset Management LLC now owns 1,728 shares of the specialty retailer’s stock valued at $207,000 after purchasing an additional 467 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in Five Below during the second quarter valued at approximately $209,000. Finally, Chartwell Investment Partners LLC raised its position in Five Below by 6.4% during the second quarter. Chartwell Investment Partners LLC now owns 27,462 shares of the specialty retailer’s stock valued at $3,296,000 after purchasing an additional 1,654 shares in the last quarter. Institutional investors own 95.41% of the company’s stock.

The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 1.47 and a beta of 0.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05. The firm’s 50-day simple moving average is $116.57 and its 200 day simple moving average is $125.31.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Five Below had a net margin of 9.43% and a return on equity of 25.21%. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $421.38 million. During the same period in the previous year, the business earned $0.42 earnings per share. The company’s revenue was up 20.0% on a year-over-year basis. As a group, research analysts predict that Five Below Inc will post 3.05 earnings per share for the current year.

About Five Below (NASDAQ:FIVE)

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 nail polishes, lip glosses, fragrances, 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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