Brokerages Set Five Below, Inc. (NASDAQ:FIVE) PT at $109.63

Five Below, Inc. (NASDAQ:FIVE) has been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. Thirteen research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $109.63.

A number of analysts have recently issued reports on the company. Loop Capital reduced their target price on Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a report on Friday, June 7th. William Blair downgraded Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. Wells Fargo & Company dropped their target price on Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 price target (down from $155.00) on shares of Five Below in a report on Thursday, July 18th.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $92.53 on Tuesday. The firm has a 50 day simple moving average of $79.92 and a 200 day simple moving average of $127.18. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The company has a market cap of $5.10 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIVE. Sanctuary Advisors LLC bought a new stake in Five Below during the second quarter worth approximately $1,291,000. Brown Financial Advisors acquired a new stake in shares of Five Below in the second quarter worth $222,000. Point72 Asset Management L.P. boosted its holdings in shares of Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares during the period. Ascent Group LLC grew its stake in Five Below by 53.7% in the 2nd quarter. Ascent Group LLC now owns 23,068 shares of the specialty retailer’s stock valued at $2,514,000 after buying an additional 8,062 shares during the last quarter. Finally, Peloton Wealth Strategists grew its stake in Five Below by 3.0% in the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock valued at $743,000 after buying an additional 200 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.