Dougherty & Co Increases Five Below (NASDAQ:FIVE) Price Target to $82.00

Five Below (NASDAQ:FIVE) had its target price hoisted by Dougherty & Co from $68.00 to $82.00 in a research note published on Tuesday, January 9th, MarketBeat reports. They currently have a buy rating on the specialty retailer’s stock. Dougherty & Co also issued estimates for Five Below’s Q4 2018 earnings at $1.14 EPS and FY2018 earnings at $1.77 EPS.

A number of other analysts have also recently issued reports on the company. BidaskClub raised Five Below from a buy rating to a strong-buy rating in a research report on Thursday, September 28th. MKM Partners upped their target price on Five Below to $75.00 and gave the company a buy rating in a research report on Thursday, January 4th. Gordon Haskett cut Five Below from an accumulate rating to a hold rating and set a $57.00 target price for the company. in a research report on Friday, December 1st. Barclays reaffirmed a hold rating and set a $60.00 price objective on shares of Five Below in a research note on Sunday, December 3rd. Finally, Jefferies Group reaffirmed a buy rating and set a $85.00 price objective on shares of Five Below in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Five Below has a consensus rating of Buy and an average target price of $64.33.

Five Below (NASDAQ FIVE) traded up $0.03 during mid-day trading on Tuesday, hitting $66.80. The company had a trading volume of 727,375 shares, compared to its average volume of 1,402,064. Five Below has a 52-week low of $37.14 and a 52-week high of $73.55. The stock has a market cap of $3,690.00, a P/E ratio of 43.66, a PEG ratio of 1.30 and a beta of 0.84.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Five Below had a return on equity of 23.85% and a net margin of 7.31%. The company had revenue of $257.18 million for the quarter, compared to the consensus estimate of $246.04 million. During the same quarter in the prior year, the business earned $0.10 EPS. Five Below’s revenue was up 28.9% on a year-over-year basis. research analysts anticipate that Five Below will post 1.79 earnings per share for the current fiscal year.

In other news, CEO Joel D. Anderson sold 20,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $67.00, for a total transaction of $1,340,000.00. Following the sale, the chief executive officer now owns 127,693 shares in the company, valued at $8,555,431. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $67.08, for a total value of $1,006,200.00. Following the sale, the insider now owns 13,883 shares in the company, valued at approximately $931,271.64. The disclosure for this sale can be found here. Insiders sold a total of 143,400 shares of company stock valued at $9,474,401 over the last ninety days. 2.92% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. acquired a new position in Five Below in the second quarter valued at $205,000. Miles Capital Inc. acquired a new position in Five Below in the second quarter valued at $210,000. Riverhead Capital Management LLC boosted its holdings in Five Below by 73.2% in the second quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock valued at $214,000 after acquiring an additional 1,829 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Five Below in the third quarter valued at $215,000. Finally, Montag & Caldwell LLC acquired a new position in Five Below in the third quarter valued at $217,000.

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About Five Below

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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