Five Below Inc (FIVE) was Resumed by Credit Suisse to “Outperform” and the brokerage firm has set the Price Target at $47. Credit Suisse advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Five Below Inc. Company shares were Reiterated by RBC Capital Mkts on Mar 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .Company shares were Reiterated by Dougherty & Company on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $45 .Company shares were Reiterated by UBS on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .
On the company’s financial health, Five Below Inc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 22, 2016. Analyst had a consensus of $0.76. The company had revenue of $326.35 million for the quarter, compared to analysts expectations of $324.37 million. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.
Five Below Inc closed down -0.49 points or -1.18% at $41.04 with 9,47,701 shares getting traded on Wednesday. Post opening the session at $41.73, the shares hit an intraday low of $40.93 and an intraday high of $42 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 16, 2015, Joel D Anderson (CEO) purchased 5,000 shares at $30.22 per share price. According to the SEC, on Sep 24, 2015, David M Mussafer (director) purchased 90,000 shares at $33.35 per share price.
Five Below Inc. (Five Below) is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers a range of products all priced at five dollars and below including select brands and licensed merchandise across a range of categories including Style Room Sports Tech Crafts Party Candy and Now. The Company operates 366 locations across 21 states. The Company’s stores have over 4000 stock-keeping units (SKUs) across a range of categories. The Company’s product groups include leisure fashion and home and party and snack. Leisure includes items such as sporting goods games toys tech books electronic accessories and arts and crafts. Fashion and home includes items such as personal accessories ‘attitude’ t-shirts beauty offerings home goods and storage options. Party and snack includes items such as party and seasonal goods greeting cards candy and other snacks and beverages.