Jefferies Group Reaffirms Buy Rating for Five Below (FIVE)

Jefferies Group reissued their buy rating on shares of Five Below (NASDAQ:FIVE) in a research note published on Monday. They currently have a $85.00 price objective on the specialty retailer’s stock. Jefferies Group also issued estimates for Five Below’s Q4 2018 earnings at $1.18 EPS, FY2018 earnings at $1.81 EPS, Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.37 EPS and Q3 2019 earnings at $0.24 EPS.

Other research analysts have also issued reports about the stock. Buckingham Research lifted their price objective on shares of Five Below from $62.00 to $75.00 and gave the company a buy rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Five Below from a hold rating to a buy rating and set a $67.00 price target for the company in a research report on Thursday, November 30th. MKM Partners boosted their price target on shares of Five Below from $59.00 to $64.00 and gave the company a buy rating in a research report on Tuesday, November 28th. Deutsche Bank upgraded shares of Five Below from a hold rating to a buy rating and set a $54.00 price target for the company in a research report on Wednesday, January 3rd. Finally, Morgan Stanley boosted their price target on shares of Five Below from $54.00 to $58.00 and gave the company an equal weight rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Five Below presently has an average rating of Buy and a consensus price target of $64.33.

Five Below (NASDAQ FIVE) traded up $2.36 during trading on Monday, reaching $68.12. 1,370,866 shares of the company were exchanged, compared to its average volume of 1,625,008. Five Below has a fifty-two week low of $37.14 and a fifty-two week high of $73.55. The stock has a market cap of $3,670.00, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The business had revenue of $257.18 million during the quarter, compared to analyst estimates of $246.04 million. During the same period in the previous year, the business earned $0.10 EPS. Five Below’s revenue was up 28.9% compared to the same quarter last year. equities research analysts predict that Five Below will post 1.78 EPS for the current year.

In other news, CEO Joel D. Anderson sold 20,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $67.00, for a total transaction of $1,340,000.00. Following the completion of the transaction, the chief executive officer now directly owns 127,693 shares of the company’s stock, valued at $8,555,431. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald Sargent sold 80,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the transaction, the director now directly owns 29,429 shares of the company’s stock, valued at $1,930,248.11. The disclosure for this sale can be found here. Insiders sold 143,400 shares of company stock valued at $9,474,401 over the last three months. 2.92% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Atlantic Trust Group LLC bought a new position in shares of Five Below during the third quarter valued at about $1,241,000. California Public Employees Retirement System raised its stake in shares of Five Below by 5.2% during the third quarter. California Public Employees Retirement System now owns 102,370 shares of the specialty retailer’s stock valued at $5,618,000 after acquiring an additional 5,070 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Five Below by 25.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,558 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 933 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Five Below during the third quarter valued at about $1,811,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Five Below by 2.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 82,502 shares of the specialty retailer’s stock valued at $4,528,000 after buying an additional 2,349 shares during the period.

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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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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