Five Below (NASDAQ:FIVE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Five Below (NASDAQ:FIVE) had its price objective lifted by analysts at Morgan Stanley from $100.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price objective suggests a potential upside of 6.45% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Mizuho reissued a “neutral” rating and issued a $85.00 price target on shares of Five Below in a research note on Thursday, October 3rd. Truist Financial increased their target price on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Craig Hallum boosted their price target on shares of Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, Evercore ISI boosted their target price on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Two investment 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.com, the company has an average rating of “Hold” and an average target price of $116.15.

Five Below Stock Down 2.8 %

FIVE opened at $112.73 on Thursday. The company’s 50-day moving average price is $91.79 and its 200 day moving average price is $94.63. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. Research analysts anticipate that Five Below will post 4.56 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Retirement Systems of Alabama increased its holdings in shares of Five Below by 47.2% during the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock valued at $13,371,000 after acquiring an additional 48,524 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Five Below during the third quarter worth approximately $42,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Five Below by 52.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock valued at $2,401,000 after purchasing an additional 9,336 shares during the period. Geode Capital Management LLC raised its position in shares of Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares during the period. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of Five Below in the third quarter worth $522,000.

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.