Five Below (NASDAQ:FIVE) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Five Below (NASDAQ:FIVEFree Report) in a research note released on Tuesday,Benzinga reports. They currently have a $240.00 target price on the specialty retailer’s stock.

FIVE has been the subject of a number of other research reports. Bank of America upgraded shares of Five Below from an “underperform” rating to a “buy” rating and set a $233.00 price objective for the company in a research report on Wednesday, February 4th. Citigroup boosted their price target on shares of Five Below from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Mizuho increased their price target on shares of Five Below from $165.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Morgan Stanley raised their price objective on shares of Five Below from $190.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Guggenheim set a $225.00 price objective on Five Below in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.75.

View Our Latest Report on Five Below

Five Below Stock Up 0.6%

FIVE opened at $221.05 on Tuesday. Five Below has a 52 week low of $52.38 and a 52 week high of $229.33. The business has a 50 day moving average price of $204.10 and a two-hundred day moving average price of $174.70. The company has a market cap of $12.19 billion, a PE ratio of 39.69, a P/E/G ratio of 1.68 and a beta of 1.10.

Insider Buying and Selling

In other news, insider George Hill sold 7,500 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $182.09, for a total value of $1,365,675.00. Following the completion of the transaction, the insider directly owned 32,913 shares of the company’s stock, valued at $5,993,128.17. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Kenneth R. Bull sold 5,100 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $203.21, for a total value of $1,036,371.00. Following the completion of the sale, the chief operating officer owned 101,040 shares in the company, valued at $20,532,338.40. This represents a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 25,225 shares of company stock worth $4,901,695. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Five Below

Institutional investors have recently modified their holdings of the company. Jennison Associates LLC increased its position in Five Below by 397.5% during the third quarter. Jennison Associates LLC now owns 819,502 shares of the specialty retailer’s stock worth $126,777,000 after purchasing an additional 654,763 shares during the last quarter. Estate Counselors LLC purchased a new stake in shares of Five Below during the 3rd quarter worth about $3,755,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Five Below by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 690,615 shares of the specialty retailer’s stock worth $90,595,000 after purchasing an additional 8,743 shares during the period. AGF Management Ltd. acquired a new position in Five Below during the third quarter valued at approximately $7,304,000. Finally, Caprock Group LLC acquired a new position in shares of Five Below during the 3rd quarter valued at $2,346,000.

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Five Below Company Profile

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Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.

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