Citigroup Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE) had its price objective raised by Citigroup from $85.00 to $96.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s price target would indicate a potential downside of 1.69% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. lowered Five Below from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $89.00 to $95.00 in a research note on Thursday, September 19th. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Craig Hallum boosted their target price on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Truist Financial increased their target price on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $106.60.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded up $4.95 during midday trading on Monday, reaching $97.65. 613,912 shares of the company’s stock were exchanged, compared to its average volume of 1,468,481. The company’s 50 day simple moving average is $90.45 and its two-hundred day simple moving average is $95.09. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The firm has a market capitalization of $5.37 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FIVE. Atreides Management LP bought a new position in shares of Five Below in the 3rd quarter worth $68,649,000. Point72 Asset Management L.P. grew its position in shares of Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Five Below during the 3rd quarter worth about $64,981,000. Holocene Advisors LP bought a new stake in shares of Five Below in the 3rd quarter valued at about $38,829,000. Finally, Wellington Management Group LLP raised its position in shares of Five Below by 1,042.4% in the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after acquiring an additional 356,776 shares during the period.

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.