Five Below (NASDAQ:FIVE) Price Target Raised to $115.00

Five Below (NASDAQ:FIVE) had its price target boosted by Telsey Advisory Group from $95.00 to $115.00 in a research report sent to investors on Thursday, Marketbeat.com reports. They currently have a market perform rating on the specialty retailer’s stock.

Several other analysts have also issued reports on FIVE. UBS Group cut their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Melius Research began coverage on Five Below in a report on Monday, September 23rd. They set a “hold” rating and a $100.00 target price for the company. Citigroup lifted their price target on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. The Goldman Sachs Group dropped their price objective on Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Craig Hallum upped 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. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.15.

Five Below Trading Down 2.8 %

FIVE opened at $112.73 on Thursday. The company has a market cap of $6.20 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18. The company has a fifty day moving average price of $91.79 and a two-hundred day moving average price of $94.37.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a net margin of 7.02% and a return on equity of 18.10%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. On average, research analysts forecast that Five Below will post 4.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in shares of Five Below by 12.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 147 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Five Below by 9.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after buying an additional 180 shares during the period. Peloton Wealth Strategists lifted its position in shares of Five Below by 3.0% during the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock valued at $743,000 after buying an additional 200 shares in the last quarter. Partnership Wealth Management LLC grew its stake in shares of Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the period. Finally, Arizona State Retirement System raised its stake in Five Below by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock worth $1,685,000 after acquiring an additional 296 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.