Five Below (NASDAQ:FIVE) PT Raised to $104.00 at Evercore ISI

Five Below (NASDAQ:FIVE) had its price objective boosted by investment analysts at Evercore ISI from $100.00 to $104.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s price target points to a potential upside of 17.59% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Mizuho restated a “neutral” rating and issued a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut Five Below from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $89.00 to $95.00 in a research report on Thursday, September 19th. Telsey Advisory Group dropped their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Craig Hallum upped their price target on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $176.00 to $90.00 in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Five Below currently has a consensus rating of “Hold” and an average price target of $111.60.

Five Below Trading Down 1.7 %

Five Below stock opened at $88.44 on Tuesday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.01 and a beta of 1.21. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a fifty day simple moving average of $87.45 and a two-hundred day simple moving average of $106.89.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, equities research analysts forecast that Five Below will post 4.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

Hedge funds have recently modified their holdings of the stock. Paladin Wealth LLC purchased a new position in Five Below during the third quarter valued at $26,000. Partnership Wealth Management LLC grew its position in shares of Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Five Below in the first quarter worth about $38,000. Hobbs Group Advisors LLC purchased a new stake in shares of Five Below in the second quarter worth about $44,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Five Below during the second quarter valued at approximately $50,000.

Five Below Company Profile

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.