KeyCorp Reaffirms “Hold” Rating for Five Below (NASDAQ:FIVE)

KeyCorp reaffirmed their hold rating on shares of Five Below (NASDAQ:FIVE) in a research report released on Friday, November 10th.

FIVE has been the subject of a number of other research reports. Royal Bank Of Canada lifted their target price on shares of Five Below from $56.00 to $57.00 and gave the stock an outperform rating in a report on Thursday, August 31st. Zacks Investment Research raised shares of Five Below from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Wednesday, August 23rd. BidaskClub raised shares of Five Below from a buy rating to a strong-buy rating in a report on Thursday, September 28th. Jefferies Group reissued a buy rating and issued a $62.00 price target on shares of Five Below in a report on Thursday, August 31st. Finally, Loop Capital set a $60.00 price target on shares of Five Below and gave the company a buy rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Five Below currently has an average rating of Buy and a consensus price target of $56.85.

Five Below (NASDAQ FIVE) traded up $0.99 during mid-day trading on Friday, reaching $61.24. 2,062,200 shares of the company traded hands, compared to its average volume of 1,072,904. Five Below has a 1 year low of $36.90 and a 1 year high of $62.25. The company has a market cap of $3,350.00, a PE ratio of 41.01, a PEG ratio of 1.25 and a beta of 0.80.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The firm had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. During the same quarter in the previous year, the company posted $0.18 EPS. Five Below’s revenue was up 28.7% on a year-over-year basis. research analysts forecast that Five Below will post 1.66 EPS for the current year.

In related news, insider Thomas Vellios sold 142,573 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $55.13, for a total value of $7,860,049.49. Following the completion of the transaction, the insider now directly owns 757,823 shares of the company’s stock, valued at approximately $41,778,781.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.92% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System lifted its position in Five Below by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 102,370 shares of the specialty retailer’s stock worth $5,618,000 after buying an additional 5,070 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Five Below by 25.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock worth $250,000 after buying an additional 933 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Five Below during the 3rd quarter worth about $1,811,000. Oppenheimer Asset Management Inc. lifted its position in Five Below by 2.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 82,502 shares of the specialty retailer’s stock worth $4,528,000 after buying an additional 2,349 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in Five Below by 4.4% during the 3rd quarter. King Luther Capital Management Corp now owns 30,095 shares of the specialty retailer’s stock worth $1,652,000 after buying an additional 1,270 shares in the last quarter.

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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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