Brokerages Set Five Below, Inc. (NASDAQ:FIVE) PT at $116.00

Five Below, Inc. (NASDAQ:FIVE) has been assigned an average recommendation of “Hold” from the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $116.00.

Several equities research analysts have recently weighed in on the stock. Guggenheim increased their target price on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Bank of America lowered Five Below from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Evercore ISI increased their price target on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Barclays boosted their price objective on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Thursday, November 7th.

Five Below Stock Up 0.5 %

Shares of NASDAQ:FIVE opened at $94.55 on Monday. The firm has a fifty day simple moving average of $98.63 and a two-hundred day simple moving average of $90.84. Five Below has a 52 week low of $64.87 and a 52 week high of $212.01. The stock has a market capitalization of $5.20 billion, a P/E ratio of 19.49, a PEG ratio of 1.06 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. During the same quarter last year, the business posted $0.26 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. On average, analysts expect that Five Below will post 4.94 earnings per share for the current year.

Institutional Trading of Five Below

Institutional investors have recently made changes to their positions in the business. Paladin Wealth LLC purchased a new stake in Five Below in the third quarter valued at about $26,000. Brooklyn Investment Group purchased a new position in shares of Five Below in the third quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Five Below during the third quarter worth $42,000. Partnership Wealth Management LLC grew its holdings in shares of Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Five Below in the 2nd quarter valued at $50,000.

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.