Five Below, Inc. (NASDAQ:FIVE) Receives $114.37 Consensus PT from Brokerages

Shares of Five Below, Inc. (NASDAQ:FIVE) have been assigned an average rating of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $114.37.

Several research firms have recently weighed in on FIVE. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $79.00 target price (down from $155.00) on shares of Five Below in a report on Thursday, July 18th. Evercore ISI cut Five Below from an “outperform” rating to an “inline” rating and lowered their price target for the stock from $160.00 to $113.00 in a report on Wednesday, July 17th. Morgan Stanley cut Five Below from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th. Truist Financial cut Five Below from a “buy” rating to a “hold” rating and lowered their price target for the stock from $136.00 to $89.00 in a report on Wednesday, July 17th. Finally, Craig Hallum reduced their target price on Five Below from $187.00 to $124.00 and set a “hold” rating on the stock in a research note on Thursday, June 6th.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $76.96 on Friday. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19. The business has a 50-day moving average of $92.05 and a two-hundred day moving average of $140.58. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that Five Below will post 4.89 earnings per share for the current year.

Hedge Funds Weigh In On Five Below

Hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in Five Below by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock worth $689,165,000 after purchasing an additional 38,419 shares in the last quarter. Capital World Investors boosted its holdings in Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after acquiring an additional 58,883 shares during the period. Wasatch Advisors LP boosted its holdings in Five Below by 2.1% during the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after acquiring an additional 37,797 shares during the period. Riverbridge Partners LLC boosted its holdings in Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after acquiring an additional 72,020 shares during the period. Finally, Artisan Partners Limited Partnership boosted its holdings in Five Below by 0.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock valued at $245,340,000 after acquiring an additional 9,837 shares during the period.

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.