RBC Capital Reaffirms Their Buy Rating on Five Below Inc (FIVE)

By Ryan Adsit

In a report released today, Scot Ciccarelli from RBC Capital reiterated a Buy rating on Five Below Inc (NASDAQ: FIVE), with a price target of $114. The company’s shares closed yesterday at $103.88, close to its 52-week high of $109.09.

According to TipRanks.com, Ciccarelli is a 5-star analyst with an average return of 16.0% and a 74.5% 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 a Moderate Buy with an average price target of $103.38.

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Based on Five Below Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $21.8 million. In comparison, last year the company had a net profit of $16.8 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Last month, Kathleen Barclay, a Director at FIVE sold 2,000 shares for a total of $211,200.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.