After J.P. Morgan and Craig-Hallum gave Five Below (NASDAQ: FIVE) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Edward Kelly maintained a Buy rating on Five Below yesterday. The company’s shares closed last Wednesday at $117.08.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 8.1% and a 66.5% success rate. Kelly covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and United Natural Foods.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Five Below with a $127.13 average price target, implying an 8.3% upside from current levels. In a report issued on August 18, Craig-Hallum also maintained a Buy rating on the stock with a $145.00 price target.
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Based on Five Below’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $201 million and GAAP net loss of $50.58 million. In comparison, last year the company earned revenue of $365 million and had a net profit of $25.66 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIVE in relation to earlier this year. Most recently, in June 2020, Kenneth Bull, the CFO & Treasurer of FIVE sold 9,123 shares for a total of $1,041,180.
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.
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