Five Below’s (FIVE) Market Perform Rating Reaffirmed at William Blair

William Blair reissued their market perform rating on shares of Five Below (NASDAQ:FIVE) in a report released on Monday morning,RTT News reports.

Several other equities research analysts have also recently weighed in on FIVE. Telsey Advisory Group cut Five Below from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $102.00 to $95.00 in a report on Monday, November 25th. Melius Research started coverage on Five Below in a research report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price objective on the stock. Mizuho restated a “neutral” rating and set a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. Craig Hallum lifted their price target on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Five Below from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $89.00 to $95.00 in a research report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $106.60.

Five Below Stock Up 7.0 %

FIVE opened at $99.20 on Monday. The business’s fifty day simple moving average is $90.45 and its 200 day simple moving average is $95.09. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The stock has a market cap of $5.46 billion, a PE ratio of 19.29, a P/E/G ratio of 1.02 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Paladin Wealth LLC purchased a new position in Five Below in the 3rd quarter worth about $26,000. Brooklyn Investment Group purchased a new stake in shares of Five Below during the 3rd quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below in the third quarter worth approximately $42,000. Hobbs Group Advisors LLC purchased a new position in shares of Five Below during the second quarter valued at approximately $44,000. Finally, Partnership Wealth Management LLC lifted its position in Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 200 shares during the period.

Five Below Company Profile

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.