Five Below (NASDAQ:FIVE) Receives a Higher Rating From Gordon Haskett. What’s The Reasoning Behind This Move?

September 8, 2018 - By Megan Stone

Five Below, Inc. (NASDAQ:FIVE) Logo

Investors sentiment increased to 1.31 in 2018 Q1. Its up 0.26, from 1.05 in 2017Q4. It improved, as 28 investors sold Five Below, Inc. shares while 91 reduced holdings. 62 funds opened positions while 94 raised stakes. 58.32 million shares or 1.67% more from 57.36 million shares in 2017Q4 were reported.

Paloma Partners Mngmt Com owns 15,171 shares for 0.02% of their portfolio. California Public Employees Retirement Sys has invested 0.01% of its portfolio in Five Below, Inc. (NASDAQ:FIVE). Maryland Cap Mngmt holds 1.63% or 154,162 shares in its portfolio. Crow Point Partners Llc accumulated 0.01% or 782 shares. Jpmorgan Chase And accumulated 20,188 shares. Public Employees Retirement Systems Of Ohio stated it has 96,254 shares or 0.04% of all its holdings. Benjamin F Edwards And holds 0% of its portfolio in Five Below, Inc. (NASDAQ:FIVE) for 609 shares. Metropolitan Life Insurance Com stated it has 0% in Five Below, Inc. (NASDAQ:FIVE). 12,850 are owned by Commerce Bank. 5,245 are owned by Pub Employees Retirement Association Of Colorado. Jane Street Grp Ltd Liability Corporation holds 0.01% of its portfolio in Five Below, Inc. (NASDAQ:FIVE) for 73,109 shares. 35,642 were reported by State Board Of Administration Of Florida Retirement Systems. 12,164 were reported by Fifth Third State Bank. Tremblant Capital Grp Incorporated reported 0.06% in Five Below, Inc. (NASDAQ:FIVE). Great Lakes Advisors Limited Liability invested in 269,448 shares or 0.47% of the stock.

Since April 18, 2018, it had 0 insider purchases, and 8 sales for $16.89 million activity. BARCLAY KATHLEEN S sold $211,210 worth of stock. 6,227 shares were sold by Romanko Michael, worth $480,538. RYAN THOMAS M had sold 35,000 shares worth $3.61 million. Anderson Joel D had sold 20,929 shares worth $2.17 million on Tuesday, July 17. BULL KENNETH R sold $1.90M worth of stock or 19,204 shares. Another trade for 60,000 shares valued at $6.19 million was made by Vellios Thomas on Tuesday, July 17.

Five Below (NASDAQ:FIVE) Stock Upgrade

Five Below (NASDAQ:FIVE) was upgraded by Gordon Haskett from a Hold rating to a solid Buy rating in a report made public on Friday, 7 September.

Five Below, Inc. (NASDAQ:FIVE) Ratings Coverage

Among 12 analysts covering Five Below (NASDAQ:FIVE), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Five Below has $140 highest and $70 lowest target. $105.45’s average target is -19.44% below currents $130.89 stock price. Five Below had 20 analyst reports since March 20, 2018 according to SRatingsIntel. Credit Suisse downgraded the shares of FIVE in report on Friday, July 20 to “Neutral” rating. Deutsche Bank maintained the shares of FIVE in report on Thursday, June 7 with “Buy” rating. The stock has “Buy” rating by Citigroup on Friday, September 7. The firm has “Buy” rating by Guggenheim given on Thursday, March 22. The stock of Five Below, Inc. (NASDAQ:FIVE) earned “Hold” rating by Loop Capital on Friday, March 23. Buckingham Research maintained Five Below, Inc. (NASDAQ:FIVE) on Tuesday, March 20 with “Buy” rating. Buckingham Research maintained Five Below, Inc. (NASDAQ:FIVE) on Thursday, June 7 with “Buy” rating. As per Wednesday, June 20, the company rating was maintained by Morgan Stanley. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, September 7. On Friday, May 25 the stock rating was maintained by Deutsche Bank with “Buy”.

The stock increased 13.31% or $15.38 during the last trading session, reaching $130.89. About 5.11 million shares traded or 397.96% up from the average. Five Below, Inc. (NASDAQ:FIVE) has risen 36.80% since September 8, 2017 and is uptrending. It has outperformed by 24.23% the S&P500.

Five Below, Inc. operates as a specialty value retailer in the United States. The company has market cap of $7.28 billion. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, pillows, candles, incense, and related items, as well as provides storage options for the customer??s room and locker. It has a 58.8 P/E ratio. The firm also provides sport balls; team sports merchandise and fitness accessories, such as hand weights, jump ropes, and gym balls; games, including name brand board games, puzzles, toys, and plush items; and pool, beach and outdoor toys, games, and accessories.

More notable recent Five Below, Inc. (NASDAQ:FIVE) news were published by: Seekingalpha.com which released: “Five Below (FIVE) CEO Joel Anderson on Q2 2018 Results – Earnings Call Transcript” on September 07, 2018, also Nasdaq.com with their article: “Five Below Gives Investors More Reasons for Optimism” published on September 08, 2018, Nasdaq.com published: “Five Below Earnings: What to Watch” on September 02, 2018. More interesting news about Five Below, Inc. (NASDAQ:FIVE) were released by: Nasdaq.com and their article: “Why Barnes & Noble, Five Below, and Broadcom Jumped Today” published on September 07, 2018 as well as Streetinsider.com‘s news article titled: “Pre-Open Movers 09/07: (OKTA) (FIVE) (MRVL) Higher; (EGAN) (TSLA) (HOME) Lower (more…)” with publication date: September 07, 2018.

Five Below, Inc. (NASDAQ:FIVE) Institutional Positions Chart

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