Craig Hallum Increases Five Below (NASDAQ:FIVE) Price Target to $125.00

Five Below (NASDAQ:FIVE) had its target price hoisted by equities researchers at Craig Hallum from $102.00 to $125.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Craig Hallum’s price objective would indicate a potential upside of 41.20% from the stock’s current price.

FIVE has been the topic of several other research reports. Wells Fargo & Company cut their target price on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Melius Research started coverage on shares of Five Below in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective for the company. The Goldman Sachs Group lowered their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Guggenheim decreased their price target on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Citigroup decreased their price target on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $111.15.

Five Below Stock Performance

Shares of FIVE traded down $1.00 during trading hours on Wednesday, hitting $88.53. The company had a trading volume of 287,404 shares, compared to its average volume of 1,448,803. The firm has a fifty day moving average price of $80.52 and a 200-day moving average price of $116.22. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.06 and a beta of 1.21. 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, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Research analysts anticipate that Five Below will post 4.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five Below

Institutional investors and hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Five Below during the fourth quarter worth $26,000. Rise Advisors LLC acquired a new stake in Five Below during the 1st quarter worth approximately $28,000. Parallel Advisors LLC boosted its holdings in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 82 shares during the period. McClarren Financial Advisors Inc. increased its position in shares of Five Below by 18,100.0% during the first quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock worth $330,000 after acquiring an additional 181 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Five Below during the first quarter worth $38,000.

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.