Five Below (NASDAQ:FIVE - Get Free Report) had its price objective raised by equities research analysts at Evercore ISI from $100.00 to $104.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's price objective indicates a potential upside of 14.49% from the stock's current price.
A number of other equities research analysts have also recently commented on FIVE. The Goldman Sachs Group lowered their price target on shares of Five Below from $124.00 to $106.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company decreased their price target on shares of Five Below from $145.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, July 17th. Citigroup decreased their price target on shares of Five Below from $92.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. lowered shares of Five Below from a "neutral" rating to an "underweight" rating and upped their target price for the stock from $89.00 to $95.00 in a research report on Thursday, September 19th. Finally, Truist Financial reiterated a "hold" rating and issued a $89.00 target price on shares of Five Below in a research report on Monday, August 26th. Two research 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $111.60.
Check Out Our Latest Stock Report on Five Below
FIVE stock traded down $0.81 during mid-day trading on Tuesday, reaching $90.84. 134,466 shares of the company traded hands, compared to its average volume of 1,432,533. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.01 and a beta of 1.21. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The firm's 50 day moving average price is $86.51 and its 200 day moving average price is $107.92.
Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. On average, analysts anticipate that Five Below will post 4.55 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in Five Below by 30.4% in the first quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer's stock worth $2,462,000 after buying an additional 3,166 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Five Below by 1,842.1% during the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer's stock valued at $4,086,000 after purchasing an additional 21,368 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Five Below during the first quarter valued at approximately $2,656,000. Price T Rowe Associates Inc. MD increased its stake in shares of Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer's stock valued at $689,165,000 after purchasing an additional 38,419 shares in the last quarter. Finally, Deepwater Asset Management LLC increased its stake in shares of Five Below by 21.8% during the first quarter. Deepwater Asset Management LLC now owns 75,705 shares of the specialty retailer's stock valued at $13,731,000 after purchasing an additional 13,568 shares in the last quarter.
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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