RBC Capital Believes Five Below Inc (NASDAQ: FIVE) Still Has Room to Grow

By Jason Carr

In a report issued on December 1, Scot Ciccarelli from RBC Capital reiterated a Buy rating on Five Below Inc (NASDAQ: FIVE), with a price target of $67. The company’s shares closed yesterday at $64.14, close to its 52-week high of $65.49.

According to TipRanks.com, Ciccarelli is a 5-star analyst with an average return of 14.4% and a 70.5% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.

Currently, the analyst consensus on Five Below Inc is Moderate Buy and the average price target is $65.67, representing a 2.4% upside.

In a report issued on November 29, Jefferies also reiterated a Buy rating on the stock with a $70 price target.

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 33 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.