Five Below Inc (FIVE) is Initiated by Citigroup to Buy

Five Below Inc (FIVE) was Initiated by Citigroup to “Buy”. Citigroup advised their investors in a research report released on Oct 11, 2016.

Many Wall Street Analysts have commented on Five Below Inc. Five Below Inc was Upgraded by Goldman to ” Neutral” on Sep 6, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 54 from a previous price target of $53 .

On the company’s financial health, Five Below Inc reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.17. The company had revenue of $220.13 million for the quarter, compared to analysts expectations of $219.60 million. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Five Below Inc opened for trading at $40 and hit $40.83 on the upside on Friday, eventually ending the session at $40.52, with a gain of 1.38% or 0.55 points. The heightened volatility saw the trading volume jump to 10,98,970 shares. Company has a market cap of $2,223 M.

In a different news, on Jun 9, 2016, Kenneth R Bull (CFO & Treas.) sold 34,600 shares at $45.06 per share price. According to the SEC, on Dec 16, 2015, Joel D Anderson (CEO) purchased 5,000 shares at $30.22 per share price. On Sep 24, 2015, David M Mussafer (director) purchased 90,000 shares at $33.35 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Five Below Inc

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