Brokerages Set Five Below, Inc. (NASDAQ:FIVE) Target Price at $116.00

Shares of Five Below, Inc. (NASDAQ:FIVE) have been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are covering the company, MarketBeat Ratings reports. Two 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 1 year price target among brokerages that have issued ratings on the stock in the last year is $116.00.

Several equities research analysts have recently issued reports on the stock. KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Truist Financial boosted their price objective on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Loop Capital lifted their price target on shares of Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $115.00 target price on shares of Five Below in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Five Below from $110.00 to $107.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th.

Hedge Funds Weigh In On Five Below

Several institutional investors have recently bought and sold shares of the company. Peloton Wealth Strategists grew its holdings 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 valued at $743,000 after purchasing an additional 200 shares in the last quarter. Partnership Wealth Management LLC boosted its position in Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares during the period. Paladin Wealth LLC acquired a new position in Five Below during the 3rd quarter worth $26,000. KBC Group NV boosted its stake in shares of Five Below by 23.7% in the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock valued at $144,000 after buying an additional 312 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Five Below during the third quarter worth about $30,000.

Five Below Price Performance

NASDAQ:FIVE opened at $94.55 on Monday. The company’s fifty day moving average price is $98.63 and its 200-day moving average price is $90.84. Five Below has a 1-year low of $64.87 and a 1-year high of $212.01. The firm has a market capitalization of $5.20 billion, a P/E ratio of 19.49, a PEG ratio of 1.06 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. Equities analysts anticipate that Five Below will post 4.94 EPS for the current fiscal year.

Five Below Company Profile

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.