Five Below (NASDAQ:FIVE) Price Target Raised to $140.00 at Guggenheim

Five Below (NASDAQ:FIVE) had its target price hoisted by Guggenheim from $125.00 to $140.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other analysts have also recently commented on FIVE. Morgan Stanley lifted their target price on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday. Telsey Advisory Group boosted their price objective on Five Below from $95.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Melius Research began coverage on shares of Five Below in a research report on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective on the stock. Finally, Truist Financial upped their target price on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $116.15.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $112.73 on Thursday. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. The business has a 50-day moving average of $91.79 and a two-hundred day moving average of $94.37.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.10% and a net margin of 7.02%. The firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts expect that Five Below will post 4.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Five Below by 1.9% during the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after acquiring an additional 31,520 shares during the period. Riverbridge Partners LLC raised 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 worth $150,151,000 after purchasing an additional 72,020 shares during the last quarter. Geode Capital Management LLC boosted its position in Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock worth $86,559,000 after purchasing an additional 11,504 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the last quarter. Finally, Atreides Management LP purchased a new position in shares of Five Below in the third quarter valued at $68,649,000.

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.