Analysts Set Five Below, Inc. (NASDAQ:FIVE) Price Target at $116.15

Shares of Five Below, Inc. (NASDAQ:FIVE) have earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $116.15.

A number of analysts recently commented on FIVE shares. The Goldman Sachs Group lifted their price target on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Mizuho lifted their target price on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial increased their price target on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Guggenheim lifted their price objective on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, 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 target price for the company.

Five Below Price Performance

NASDAQ FIVE opened at $106.08 on Thursday. The company has a fifty day moving average price of $94.95 and a 200-day moving average price of $92.76. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.12 and a beta of 1.18. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data 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 7.02% and a return on equity of 18.03%. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same period in the prior year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, research analysts anticipate that Five Below will post 4.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Five Below by 41.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares during the period. National Bank of Canada FI raised its holdings in shares of Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after acquiring an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Five Below during the 3rd quarter valued at about $3,282,000. Janney Montgomery Scott LLC grew its holdings in shares of Five Below by 72.8% during the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after purchasing an additional 9,188 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of Five Below by 364.2% in the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares during the last quarter.

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.