BidaskClub upgraded shares of Five Below (NASDAQ:FIVE) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.
A number of other analysts have also recently issued reports on the stock. Morgan Stanley raised their target price on shares of Five Below from $54.00 to $58.00 and gave the stock an equal weight rating in a research note on Wednesday, December 27th. Jefferies Group reaffirmed a buy rating and set a $85.00 price target on shares of Five Below in a research report on Monday, January 8th. KeyCorp reaffirmed a hold rating on shares of Five Below in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Five Below from a buy rating to a hold rating in a research report on Tuesday, November 7th. Finally, Dougherty & Co raised their price target on shares of Five Below from $68.00 to $82.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $64.97.
Shares of Five Below (NASDAQ FIVE) opened at $71.55 on Tuesday. The stock has a market cap of $3,849.89, a PE ratio of 45.56, a PEG ratio of 1.00 and a beta of 0.62. Five Below has a 12 month low of $37.21 and a 12 month high of $73.55.
In other Five Below news, CFO Kenneth R. Bull sold 15,946 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $66.00, for a total value of $1,052,436.00. Following the transaction, the chief financial officer now directly owns 59,544 shares of the company’s stock, valued at approximately $3,929,904. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $67.08, for a total transaction of $1,006,200.00. Following the completion of the transaction, the insider now directly owns 13,883 shares in the company, valued at $931,271.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,400 shares of company stock worth $4,227,201. Insiders own 2.92% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors bought a new position in Five Below in the 4th quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Five Below by 53.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock valued at $180,000 after buying an additional 943 shares during the period. M&T Bank Corp bought a new position in Five Below in the 4th quarter valued at about $211,000. Wedbush Securities Inc. bought a new position in Five Below in the 4th quarter valued at about $214,000. Finally, MML Investors Services LLC bought a new position in Five Below in the 4th quarter valued at about $238,000.
Five Below Company Profile
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.