Five Below, Inc. (NASDAQ:FIVE) Receives $106.40 Average Target Price from Brokerages

Shares of Five Below, Inc. (NASDAQ:FIVE) have received an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $106.05.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered Five Below from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. Truist Financial lifted their price objective on Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. The Goldman Sachs Group decreased their price objective on Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Evercore ISI lifted their target price on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Finally, UBS Group reduced their target price on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st.

Hedge Funds Weigh In On Five Below

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in shares of Five Below by 72.8% during the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after buying an additional 9,188 shares during the period. Cetera Investment Advisers increased its stake in shares of Five Below by 1,842.1% during the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after buying an additional 21,368 shares during the period. International Assets Investment Management LLC increased its stake in shares of Five Below by 1,379.0% during the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock valued at $1,491,000 after buying an additional 15,734 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after buying an additional 38,419 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Five Below by 19.1% during the first quarter. Advisors Asset Management Inc. now owns 2,415 shares of the specialty retailer’s stock valued at $438,000 after buying an additional 387 shares during the period.

Five Below Price Performance

NASDAQ FIVE opened at $88.90 on Friday. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.96 and a beta of 1.20. Five Below has a one year low of $64.87 and a one year high of $216.18. The business’s fifty day moving average is $91.01 and its 200-day moving average is $96.46.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Research analysts expect that Five Below will post 4.57 EPS for the current fiscal year.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.