Shares of Five Below, Inc. (NASDAQ:FIVE – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $187.72.
A number of equities analysts recently commented on FIVE shares. Truist Financial reduced their price objective on shares of Five Below from $155.00 to $154.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. KeyCorp reduced their price objective on shares of Five Below from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, June 9th. Wells Fargo & Company reduced their price objective on shares of Five Below from $240.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, June 9th. JPMorgan Chase & Co. reduced their price objective on shares of Five Below from $252.00 to $207.00 and set an “overweight” rating for the company in a research note on Thursday, March 17th. Finally, Craig Hallum cut their price target on shares of Five Below from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, June 9th.
Five Below stock opened at $122.36 on Friday. The company has a 50 day moving average price of $131.78 and a 200-day moving average price of $157.37. Five Below has a fifty-two week low of $109.49 and a fifty-two week high of $237.86. The company has a market capitalization of $6.79 billion, a PE ratio of 26.26, a P/E/G ratio of 1.15 and a beta of 1.34.
Five Below (NASDAQ:FIVE – Get Rating) last issued its quarterly earnings data on Wednesday, June 8th. The specialty retailer reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $639.60 million during the quarter, compared to the consensus estimate of $652.73 million. Five Below had a net margin of 9.06% and a return on equity of 24.53%. Five Below’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, research analysts expect that Five Below will post 4.99 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in Five Below during the fourth quarter valued at $28,000. Atticus Wealth Management LLC acquired a new position in Five Below during the fourth quarter valued at $29,000. SJS Investment Consulting Inc. lifted its position in Five Below by 238.2% during the first quarter. SJS Investment Consulting Inc. now owns 186 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 131 shares during the period. Canada Pension Plan Investment Board lifted its position in Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 93 shares during the period. Finally, Confluence Wealth Services Inc. acquired a new position in Five Below during the fourth quarter valued at $49,000. Institutional investors own 99.20% of the company’s stock.
About Five Below (Get Rating)
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.
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Read More: Five Below, Inc. (NASDAQ:FIVE) Receives $187.72 Consensus Target Price from Analysts