Barclays Initiates Coverage on Five Below Inc to Equal-weight

Barclays Initiates Coverage on Five Below Inc(NASDAQ:FIVE). The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 23, 2016.

In a different note, On Sep 6, 2016, Goldman Sachs said it Assumes its rating on Five Below Inc. The shares have been rated ‘Neutral’ by the firm. BTIG Research said it Initiates Coverage on Five Below Inc, according to a research note issued on Aug 24, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, UBS said it Maintains its rating on Five Below Inc. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Deutsche Bank said it Maintains its rating on Five Below Inc. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Hold’ by the firm.

Five Below Inc (FIVE) made into the market gainers list on Tuesdays trading session with the shares advancing 1.20% or 0.5 points. Due to strong positive momentum, the stock ended at $42.12, which is also near the day’s high of $42.18. The stock began the session at $41.74 and the volume stood at 9,69,752 shares. The 52-week high of the shares is $52.7 and the 52 week low is $26.95. The company has a current market capitalization of $2,311 M and it has 5,48,69,591 shares in outstanding.

Five Below Inc(FIVE) last announced its earnings results on Aug 31, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $220.13M. Analysts had an estimated revenue of $219.29M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.17.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Kenneth R Bull (CFO & Treas.) sold 34,600 shares at $45.06 per share price.Also, 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.

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