Five Below (NASDAQ:FIVE – Free Report) had its price objective reduced by JPMorgan Chase & Co. from $107.00 to $102.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an underweight rating on the specialty retailer’s stock.
Several other equities analysts also recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Mizuho increased their target price on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price target on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. 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 report on Thursday, November 7th. Finally, Craig Hallum lifted their price objective on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Five Below presently has an average rating of “Hold” and an average target price of $115.75.
Check Out Our Latest Analysis on Five Below
Five Below Stock Down 2.4 %
Five Below (NASDAQ:FIVE – Get Free Report) last released its quarterly 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 18.03% and a net margin of 7.02%. The business had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same period last year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, research analysts expect that Five Below will post 4.92 EPS for the current year.
Institutional Trading of Five Below
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after buying an additional 180,902 shares during the period. National Bank of Canada FI raised its stake in shares of Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after acquiring an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Five Below during the third quarter worth $3,282,000. Algert Global LLC grew its stake in shares of Five Below by 364.2% in the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Five Below by 72.8% in the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after purchasing an additional 9,188 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.
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