Five Below (NASDAQ:FIVE) Raised to Hold at StockNews.com

Five Below (NASDAQ:FIVE) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other equities research analysts also recently commented on FIVE. Loop Capital upped their price target on shares of Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday. Citigroup increased their target price on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Evercore ISI lifted their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Melius Research initiated coverage on Five Below in a research report on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Five Below currently has a consensus rating of “Hold” and an average price target of $116.15.

Five Below Stock Down 2.8 %

Shares of NASDAQ FIVE opened at $112.73 on Thursday. The stock’s fifty day simple moving average is $91.79 and its 200 day simple moving average is $94.63. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.14 and a beta of 1.18. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The firm had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter last year, the business posted $0.26 EPS. Five Below’s revenue was up 14.6% on a year-over-year basis. As a group, analysts anticipate that Five Below will post 4.56 earnings per share for the current year.

Institutional Investors Weigh In On Five Below

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after buying an additional 31,520 shares during the last quarter. Riverbridge Partners LLC grew its stake in Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after buying an additional 72,020 shares during the last quarter. Geode Capital Management LLC raised its holdings in Five Below by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock worth $86,559,000 after acquiring an additional 11,504 shares during the period. Point72 Asset Management L.P. lifted its position in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after acquiring an additional 769,980 shares during the last quarter. Finally, Atreides Management LP bought a new stake in Five Below during the third quarter valued at about $68,649,000.

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.