Five Below, Inc. (NASDAQ:FIVE) Receives $106.40 Average Price Target from Brokerages

Five Below, Inc. (NASDAQ:FIVE) has been given an average rating of “Hold” by the twenty-one brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $106.05.

Several equities research analysts recently weighed in on the company. Gordon Haskett raised Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group cut their target price on Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Telsey Advisory Group cut Five Below from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $102.00 to $95.00 in a research note on Monday. UBS Group cut their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. cut Five Below from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $89.00 to $95.00 in a research note on Thursday, September 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in Five Below by 0.4% in the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock valued at $5,473,000 after acquiring an additional 115 shares during the period. Fifth Third Bancorp raised its stake in shares of Five Below by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after buying an additional 147 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Five Below by 9.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after buying an additional 180 shares during the period. Peloton Wealth Strategists raised its stake in shares of Five Below by 3.0% in the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after buying an additional 200 shares during the period. Finally, Partnership Wealth Management LLC raised its stake in shares of Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares during the period.

Five Below Stock Down 3.0 %

Shares of FIVE stock opened at $88.90 on Friday. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.96 and a beta of 1.20. The business’s fifty day moving average is $91.01 and its 200 day moving average is $96.46. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Equities research analysts expect that Five Below will post 4.57 earnings per share for the current fiscal year.

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.