Five Below Inc Gets a Hold Rating from KeyBanc

By Carrie Williams

In a report issued on November 6, Bradley Thomas from KeyBanc reiterated a Hold rating on Five Below Inc (NASDAQ: FIVE). The company’s shares closed yesterday at $57.53, close to its 52-week high of $58.34.

According to TipRanks.com, Thomas is a 5-star analyst with an average return of 12.8% and a 65.8% success rate. Thomas covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Ollie’s Bargain Outlet Holding, and Lumber Liquidators.

Five Below Inc has an analyst consensus of Moderate Buy, with a price target consensus of $59.

Based on Five Below Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $283 million and quarterly net profit of $16.8 million. In comparison, last year the company earned revenue of $199 million and had a net profit of $5.45 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.

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Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.