Craig Hallum Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE) had its price target upped by equities researchers at Craig Hallum from $125.00 to $150.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Craig Hallum’s price objective indicates a potential upside of 33.06% from the stock’s current price.

A number of other research analysts have also recently commented on FIVE. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Melius Research began coverage on shares of Five Below in a research report on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective for the company. Morgan Stanley raised their target price on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Truist Financial boosted their price target on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.15.

Five Below Stock Performance

FIVE opened at $112.73 on Thursday. The stock has a fifty day moving average of $91.79 and a 200-day moving average of $94.63. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The company has a market capitalization of $6.20 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.14 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts predict that Five Below will post 4.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Large investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its holdings in Five Below by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 147 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Five Below by 9.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after purchasing an additional 180 shares during the period. Peloton Wealth Strategists boosted its stake in shares of Five Below by 3.0% in the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock valued at $743,000 after purchasing an additional 200 shares during the last quarter. Partnership Wealth Management LLC boosted its stake in shares of Five Below by 63.5% in the 3rd 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 last quarter. Finally, Arizona State Retirement System increased its position in shares of Five Below by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock worth $1,685,000 after buying an additional 296 shares during the period.

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.