Credit Suisse Group Initiates Coverage on Five Below (FIVE)

Investment analysts at Credit Suisse Group initiated coverage on shares of Five Below (NASDAQ:FIVE) in a note issued to investors on Tuesday. The brokerage set an “outperform” rating and a $5.00 price target on the specialty retailer’s stock. Credit Suisse Group’s target price would indicate a potential downside of 93.50% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on FIVE. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 6th. ValuEngine upgraded shares of Five Below from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Buckingham Research decreased their price target on shares of Five Below from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Tuesday, March 20th. Gordon Haskett upgraded shares of Five Below from a “hold” rating to an “accumulate” rating in a research report on Wednesday, January 31st. Finally, MKM Partners upped their price target on shares of Five Below from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $62.56.

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FIVE stock traded up $0.59 during trading on Tuesday, reaching $76.98. 1,153,721 shares of the company were exchanged, compared to its average volume of 1,201,337. The stock has a market cap of $4,174.00, a price-to-earnings ratio of 42.97, a P/E/G ratio of 1.19 and a beta of 0.58. Five Below has a twelve month low of $44.30 and a twelve month high of $77.30.



Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 21st. The specialty retailer reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. The business had revenue of $505.00 million during the quarter, compared to analysts’ expectations of $502.74 million. Five Below had a net margin of 8.02% and a return on equity of 26.00%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. analysts predict that Five Below will post 2.4 EPS for the current fiscal year.

Five Below declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in Five Below by 20.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,488 shares of the specialty retailer’s stock worth $365,000 after acquiring an additional 930 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Five Below by 53.2% in the fourth 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 in the last quarter. Advisor Group Inc. lifted its stake in shares of Five Below by 10.3% in the fourth quarter. Advisor Group Inc. now owns 11,123 shares of the specialty retailer’s stock valued at $737,000 after buying an additional 1,042 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of Five Below by 14.0% in the fourth quarter. Profund Advisors LLC now owns 9,014 shares of the specialty retailer’s stock valued at $598,000 after buying an additional 1,104 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in shares of Five Below by 17.7% in the fourth quarter. Flinton Capital Management LLC now owns 7,684 shares of the specialty retailer’s stock valued at $509,000 after buying an additional 1,156 shares in the last quarter.

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About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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