Five Below (FIVE) Rating Reiterated by Telsey Advisory Group

Five Below (NASDAQ:FIVE)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a report issued on Thursday, March 28th, Stock Target Advisor reports. They presently have a $120.00 price objective on the specialty retailer’s stock. Telsey Advisory Group’s price target points to a potential downside of 15.28% from the company’s current price.

FIVE has been the topic of a number of other reports. Zacks Investment Research reaffirmed a “hold” rating and issued a $100.00 target price on shares of Five Below in a report on Monday, December 31st. BidaskClub cut shares of Five Below from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. ValuEngine cut shares of Five Below from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 6th. Goldman Sachs Group upgraded shares of Five Below from a “neutral” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, December 12th. Finally, Barclays upgraded shares of Five Below from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Five Below presently has an average rating of “Buy” and an average target price of $127.90.

NASDAQ FIVE traded up $1.91 on Thursday, reaching $141.65. The company had a trading volume of 1,086,408 shares, compared to its average volume of 1,525,113. The firm has a market cap of $7.90 billion, a PE ratio of 55.12, a PEG ratio of 1.59 and a beta of 0.60. Five Below has a 1-year low of $69.37 and a 1-year high of $141.88.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.01. The firm had revenue of $602.68 million during the quarter, compared to analyst estimates of $601.53 million. Five Below had a net margin of 9.60% and a return on equity of 27.10%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 EPS. Analysts expect that Five Below will post 3.06 earnings per share for the current fiscal year.

In other news, CEO Joel D. Anderson sold 30,000 shares of Five Below stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $131.06, for a total transaction of $3,931,800.00. Following the completion of the transaction, the chief executive officer now directly owns 192,174 shares in the company, valued at $25,186,324.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Romanko sold 7,881 shares of Five Below stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $134.00, for a total transaction of $1,056,054.00. Following the transaction, the executive vice president now owns 27,907 shares of the company’s stock, valued at $3,739,538. The disclosure for this sale can be found here. Insiders have sold 52,881 shares of company stock valued at $6,991,854 in the last three months. 2.60% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Magnus Financial Group LLC bought a new stake in Five Below in the fourth quarter worth about $233,000. Macquarie Group Ltd. raised its position in shares of Five Below by 47.6% in the fourth quarter. Macquarie Group Ltd. now owns 780,442 shares of the specialty retailer’s stock valued at $79,855,000 after purchasing an additional 251,655 shares during the period. Pacer Advisors Inc. raised its position in shares of Five Below by 14.6% in the third quarter. Pacer Advisors Inc. now owns 20,171 shares of the specialty retailer’s stock valued at $2,623,000 after purchasing an additional 2,575 shares during the period. First Hawaiian Bank raised its position in shares of Five Below by 52.3% in the fourth quarter. First Hawaiian Bank now owns 757 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 260 shares during the period. Finally, Lisanti Capital Growth LLC raised its position in shares of Five Below by 78.8% in the fourth quarter. Lisanti Capital Growth LLC now owns 26,460 shares of the specialty retailer’s stock valued at $2,707,000 after purchasing an additional 11,660 shares during the period. 95.64% of the stock is currently owned by institutional investors and hedge funds.

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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