Five Below Inc (FIVE) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 48 from a previous price target of $47 . UBS advised their investors in a research report released on Jun 3, 2016.
Many Wall Street Analysts have commented on Five Below Inc. Company shares were Reiterated by RBC Capital Mkts on Jun 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $44 .Shares were Reiterated by Stifel on Jun 3, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $48 .Credit Suisse Resumed Five Below Inc on Apr 22, 2016 to “Outperform”, Price Target of the shares are set at $47.
On the company’s financial health, Five Below Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $0.10. The company had revenue of $192.70 million for the quarter, compared to analysts expectations of $187.97 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Five Below Inc opened for trading at $41.99 and hit $42.98 on the upside on Wednesday, eventually ending the session at $42.68, with a gain of 1.96% or 0.82 points. The heightened volatility saw the trading volume jump to 13,49,638 shares. Company has a market cap of $2,330 M.
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.