Five Below Inc Receives a Hold from Barclays

By Ryan Adsit

Barclays analyst Karen Short maintained a Hold rating on Five Below Inc (NASDAQ: FIVE) on November 30 and set a price target of $60. The company’s shares closed on Friday at $61.51, close to its 52-week high of $63.34.

According to TipRanks.com, Short is a 4-star analyst with an average return of 6.1% and a 59.4% success rate. Short covers the Services sector, focusing on stocks such as Performance Food Group, US Food Holdings Corp, and The Chefs’ Warehouse.

Five Below Inc has an analyst consensus of Moderate Buy, with a price target consensus of $66.33.

Based on Five Below Inc’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $257 million and quarterly net profit of $9.88 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.