Five Below, Inc. (NASDAQ:FIVE) Receives Consensus Rating of “Moderate Buy” from Analysts

Five Below, Inc. (NASDAQ:FIVE) has been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $216.57.

A number of research analysts have commented on FIVE shares. Guggenheim restated a “buy” rating and set a $220.00 price objective on shares of Five Below in a research note on Friday, September 1st. Evercore ISI cut their price target on Five Below from $195.00 to $190.00 and set an “in-line” rating on the stock in a research note on Friday, September 8th. Truist Financial cut their price objective on Five Below from $201.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. StockNews.com initiated coverage on Five Below in a report on Thursday, October 5th. They set a “sell” rating on the stock. Finally, UBS Group reduced their target price on Five Below from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, August 31st.

Insider Activity

In related news, CEO Joel D. Anderson acquired 3,100 shares of Five Below stock in a transaction dated Friday, September 8th. The stock was acquired at an average cost of $161.50 per share, with a total value of $500,650.00. Following the purchase, the chief executive officer now directly owns 99,656 shares in the company, valued at approximately $16,094,444. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Below

Several large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its position in shares of Five Below by 2.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,482 shares of the specialty retailer’s stock worth $710,000 after buying an additional 119 shares during the period. Private Advisor Group LLC acquired a new stake in Five Below during the first quarter valued at $209,000. Citigroup Inc. boosted its position in Five Below by 10.7% during the first quarter. Citigroup Inc. now owns 16,722 shares of the specialty retailer’s stock valued at $2,649,000 after purchasing an additional 1,610 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Five Below by 793.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,563 shares of the specialty retailer’s stock valued at $248,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Five Below by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 30,353 shares of the specialty retailer’s stock valued at $4,936,000 after buying an additional 2,155 shares in the last quarter.

Five Below Stock Up 6.0 %

Shares of NASDAQ:FIVE opened at $182.32 on Wednesday. The company has a market cap of $10.15 billion, a P/E ratio of 37.44, a P/E/G ratio of 1.57 and a beta of 1.18. Five Below has a 52 week low of $144.57 and a 52 week high of $220.19. The business has a fifty day simple moving average of $166.05 and a 200-day simple moving average of $182.82.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The business had revenue of $759.00 million during the quarter, compared to the consensus estimate of $760.02 million. Five Below had a return on equity of 20.23% and a net margin of 8.35%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. Sell-side analysts expect that Five Below will post 5.46 earnings per share for the current fiscal year.

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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.