Jefferies Remains a Buy on Five Below (FIVE)

In a report released today, Randal Konik from Jefferies maintained a Buy rating on Five Below (FIVEResearch Report), with a price target of $215.00. The company’s shares closed yesterday at $185.15.

Konik covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Nike, and Five Below. According to TipRanks, Konik has an average return of 4.7% and a 52.41% success rate on recommended stocks.

In addition to Jefferies, Five Below also received a Buy from Citigroup’s Paul Lejuez in a report issued on January 11. However, on January 9, Evercore ISI maintained a Hold rating on Five Below (NASDAQ: FIVE).

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Based on Five Below’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $645.03 million and a net profit of $16.15 million. In comparison, last year the company earned a revenue of $607.65 million and had a net profit of $24.18 million

Based on the recent corporate insider activity of 61 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. Last month, Eric Specter, the CAO of FIVE sold 9,500.00 shares for a total of $1,746,005.00.

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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