Five Below (NASDAQ:FIVE) Shares Up 2.9%

Five Below, Inc. (NASDAQ:FIVE)’s share price rose 2.9% during mid-day trading on Friday . The company traded as high as $78.32 and last traded at $78.28. Approximately 201,409 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,380,629 shares. The stock had previously closed at $76.05.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FIVE. Guggenheim dropped their target price on shares of Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Craig Hallum raised shares of Five Below from a “hold” rating to a “buy” rating and dropped their price objective for the company from $108.00 to $102.00 in a research note on Thursday, August 29th. Barclays cut shares of Five Below from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $176.00 to $90.00 in a research note on Wednesday, July 17th. Loop Capital dropped their price target on Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, June 7th. Finally, KeyCorp cut their price objective on Five Below from $115.00 to $106.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $109.63.

Five Below Stock Up 4.1 %

The firm has a market cap of $4.36 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.15 and a beta of 1.21. The business’s 50 day moving average is $81.53 and its two-hundred day moving average is $129.65.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data 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). The business had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. Equities research analysts anticipate that Five Below, Inc. will post 4.54 EPS for the current year.

Institutional Investors Weigh In On Five Below

Hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of Five Below during the 4th quarter worth approximately $26,000. Rise Advisors LLC bought a new position in Five Below during the first quarter worth $28,000. Partnership Wealth Management LLC grew its holdings in Five Below by 2,000.0% in the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 300 shares during the period. Quest Partners LLC bought a new stake in Five Below in the fourth quarter valued at $37,000. Finally, Parallel Advisors LLC raised its holdings in shares of Five Below by 86.3% during the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 82 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.