In yesterday’s Wall Street session, Five Below Inc. (NASDAQ:FIVE) shares traded at $177.42, up 0.45% from the previous session.
24 analysts cover Five Below Inc. (NASDAQ:FIVE), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $215.00 and a low of $125.00, we find $200.00. Given the previous closing price of $176.62, this indicates a potential upside of 13.24 percent. FIVE stock price is now 10.70% away from the 50-day moving average and 22.40% away from the 200-day moving average. The market capitalization of the company currently stands at $9.60B.
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The stock has received a hold rating from 4 analysts and a buy rating from 17. Brokers who have rated the stock have averaged $192.19 as their price target over the next twelve months.
With the price target of $185, Credit Suisse recently initiated with Neutral rating for Five Below Inc. (NASDAQ: FIVE). , while ‘MKM Partners’ rates the stock as ‘Neutral’.
In other news, BULL KENNETH R, CFO & Treasurer sold 7,000 shares of the company’s stock on Dec 02. The stock was sold for $1,276,818 at an average price of $182.40. Upon completion of the transaction, the CFO & Treasurer now directly owns 71,364 shares in the company, valued at $12.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, Director Vellios Thomas sold 50,000 shares of the business’s stock. A total of $9,093,052 was realized by selling the stock at an average price of $181.86. This leaves the insider owning 361,196 shares of the company worth $64.08 million. Insiders disposed of 130,204 shares of company stock worth roughly $23.1 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FIVE stock. A new stake in Five Below Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $438,470,000. ARMISTICE CAPITAL, LLC invested $98,154,000 in shares of FIVE during the first quarter. In the first quarter, MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in Five Below Inc. valued at approximately $37,181,000. DAVIDSON KEMPNER CAPITAL MANAGEMENT LP acquired a new stake in FIVE for approximately $13,054,000. HOLOCENE ADVISORS, LP purchased a new stake in FIVE valued at around $9,830,000 in the second quarter.
On Thursday morning Five Below Inc. (NASDAQ: FIVE) stock kicked off with the opening price of $178.63. During the past 12 months, Five Below Inc. has had a low of $109.49 and a high of $214.50. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.50, and a quick ratio of 0.40. The fifty day moving average price for FIVE is $160.27 and a two-hundred day moving average price translates $144.95 for the stock.
The latest earnings results from Five Below Inc. (NASDAQ: FIVE) was released for Jul, 2022. According to the Specialty Retail Company, earnings per share came in at $0.74, missing analysts’ expectations of $0.78 by -0.04. This compares to $0.43 EPS in the same period last year. The net profit margin was 7.80% and return on equity was 20.10% for FIVE. The company reported revenue of $645.03 million for the quarter, compared to $607.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.15 percent. For the current quarter, analysts expect FIVE to generate $610.19M in revenue.
Five Below Inc.(FIVE) Company Profile
Five Below, Inc. operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room. The company also provides sport balls; team sports merchandise and fitness accessories, such as hand weights, jump ropes, and gym balls; games, including name brand board games, puzzles, collectibles, and toys covering remote control; and pool, beach, and outdoor toys, as well as games and accessories. In addition, it offers accessories for cell phones, tablets, audio, and computers, such as cases, chargers, headphones, and other items; books, video games, and DVDs; craft activity kits; arts and crafts supplies, such as crayons, markers, and stickers; and trend-right items for school comprising backpacks, fashion notebooks and journals, novelty pens and pencils, locker accessories, and everyday name brand items. Further, the company provides party goods, decorations, gag gifts, and greeting cards, as well as every day and special occasion merchandise products; assortment of classic and novelty candy bars, movie-size box candy, seasonal-related candy, and gum and snack food; chilled drinks through coolers; and seasonally-specific items used to celebrate and decorate for events. It primarily serves tween and teen customers. As of January 29, 2022, the company operated approximately 1,190 stores in 40 states. The company was formerly known as Cheap Holdings, Inc. and changed its name to Five Below, Inc. in August 2002. Five Below, Inc. was incorporated in 2002 and is headquartered in Philadelphia, Pennsylvania.
