MKM Partners Raises Five Below (FIVE) Price Target to $75.00
Five Below (NASDAQ:FIVE) had its target price boosted by MKM Partners to $75.00 in a report released on Thursday, January 4th. The brokerage presently has a “buy” rating on the specialty retailer’s stock. MKM Partners’ target price points to a potential upside of 13.41% from the company’s previous close.
Other analysts also recently issued reports about the stock. KeyCorp restated a “hold” rating on shares of Five Below in a report on Friday, November 10th. Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating and set a $57.00 price target on the stock. in a report on Friday, December 1st. BidaskClub upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 7th. Morgan Stanley upped their price target on shares of Five Below from $54.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, December 27th. Finally, Wells Fargo & Co assumed coverage on shares of Five Below in a report on Friday, November 3rd. They set an “outperform” rating and a $65.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Five Below presently has an average rating of “Buy” and a consensus target price of $64.33.
Five Below (NASDAQ:FIVE) traded up $0.19 during trading on Thursday, hitting $66.13. 81,633 shares of the stock were exchanged, compared to its average volume of 1,122,543. Five Below has a 12-month low of $37.14 and a 12-month high of $73.55. The company has a market cap of $3,700.20, a P/E ratio of 42.82, a PEG ratio of 1.29 and a beta of 0.84.
In other Five Below news, EVP Michael Romanko sold 12,454 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $66.53, for a total value of $828,564.62. Following the completion of the sale, the executive vice president now directly owns 24,858 shares of the company’s stock, valued at approximately $1,653,802.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald Sargent sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the completion of the sale, the director now directly owns 29,429 shares of the company’s stock, valued at approximately $1,930,248.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,400 shares of company stock valued at $9,474,401. 2.92% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. purchased a new stake in shares of Five Below in the 2nd quarter worth approximately $205,000. Miles Capital Inc. purchased a new stake in shares of Five Below in the 2nd quarter worth approximately $210,000. Riverhead Capital Management LLC lifted its position in shares of Five Below by 73.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 1,829 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Five Below in the 3rd quarter worth approximately $215,000. Finally, Montag & Caldwell LLC purchased a new stake in shares of Five Below in the 3rd quarter worth approximately $217,000.
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.
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