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.
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.
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