Five Below’s (FIVE) Buy Rating Reaffirmed at Bank of America

Bank of America reissued their buy rating on shares of Five Below (NASDAQ:FIVE) in a report issued on Thursday, TipRanks reports. They currently have a $150.00 price target on the specialty retailer’s stock.

Other equities analysts also recently issued research reports about the company. Craig Hallum assumed coverage on Five Below in a research report on Tuesday, September 10th. They set a buy rating and a $168.00 price target on the stock. ValuEngine downgraded Five Below from a buy rating to a hold rating in a research note on Wednesday, November 20th. UBS Group reduced their target price on Five Below from $132.00 to $124.00 and set a neutral rating for the company in a research note on Tuesday, August 20th. Royal Bank of Canada increased their target price on Five Below from $126.00 to $130.00 and gave the company an outperform rating in a research report on Thursday, August 29th. Finally, Barclays reissued a neutral rating on shares of Five Below in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $137.78.

Shares of NASDAQ FIVE traded up $0.53 during midday trading on Thursday, reaching $124.20. 1,773,204 shares of the stock were exchanged, compared to its average volume of 1,018,180. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 48.33, a PEG ratio of 1.68 and a beta of 0.53. Five Below has a twelve month low of $86.57 and a twelve month high of $148.21. The firm has a 50-day simple moving average of $125.89 and a two-hundred day simple moving average of $124.47. The company has a quick ratio of 1.09, a current ratio of 1.98 and a debt-to-equity ratio of 1.08.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Five Below had a net margin of 9.26% and a return on equity of 24.52%. The firm had revenue of $377.40 million during the quarter, compared to analysts’ expectations of $373.64 million. During the same period in the previous year, the business posted $0.24 EPS. The business’s revenue was up 20.7% compared to the same quarter last year. Research analysts expect that Five Below will post 3.04 EPS for the current fiscal year.

In other Five Below news, Director Thomas Vellios sold 60,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $133.31, for a total value of $7,998,600.00. Following the transaction, the director now directly owns 604,186 shares in the company, valued at approximately $80,544,035.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Winslow Capital Management LLC acquired a new stake in shares of Five Below during the 2nd quarter worth about $176,413,000. Riverbridge Partners LLC boosted its stake in Five Below by 2.7% during the third quarter. Riverbridge Partners LLC now owns 1,028,864 shares of the specialty retailer’s stock worth $129,740,000 after buying an additional 27,091 shares during the period. Macquarie Group Ltd. increased its position in shares of Five Below by 17.2% during the second quarter. Macquarie Group Ltd. now owns 983,272 shares of the specialty retailer’s stock valued at $118,012,000 after acquiring an additional 144,130 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Five Below by 19.0% during the third quarter. Voya Investment Management LLC now owns 941,333 shares of the specialty retailer’s stock valued at $118,702,000 after acquiring an additional 150,361 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Five Below by 8.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 932,362 shares of the specialty retailer’s stock valued at $117,571,000 after acquiring an additional 76,519 shares during the last quarter. Institutional investors own 97.12% of the company’s stock.

Five Below Company Profile

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.

Further Reading: What is a Buy-Side Analyst?

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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