Five Below (NASDAQ:FIVE) Trading Up 3.7% – Time to Buy?

Five Below, Inc. (NASDAQ:FIVE)’s share price rose 3.7% on Tuesday . The stock traded as high as $94.28 and last traded at $93.85. Approximately 66,116 shares were traded during trading, a decline of 95% from the average daily volume of 1,434,587 shares. The stock had previously closed at $90.48.

Analyst Ratings Changes

FIVE has been the subject of several research reports. UBS Group cut their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. William Blair cut Five Below from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. KeyCorp dropped their target price on Five Below from $115.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Guggenheim reduced their price target on shares of Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Melius Research initiated coverage on shares of Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price objective for the company. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Five Below currently has an average rating of “Hold” and an average price target of $111.15.

Five Below Trading Up 2.3 %

The company has a market cap of $5.27 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.01 and a beta of 1.21. The firm has a 50 day moving average of $85.37 and a 200-day moving average of $109.43.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The company had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Equities analysts predict that Five Below, Inc. will post 4.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in 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 buying an additional 38,419 shares during the period. Capital World Investors increased its position in shares of Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after purchasing an additional 58,883 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Five Below by 2.1% during the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock worth $340,278,000 after purchasing an additional 37,797 shares in the last quarter. Riverbridge Partners LLC raised its stake in Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after purchasing an additional 72,020 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Five Below by 556.2% in the 2nd 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 in the last quarter.

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.