Bank of America Increases Five Below (NASDAQ:FIVE) Price Target to $98.00

Five Below (NASDAQ:FIVE) had its price objective increased by Bank of America from $87.00 to $98.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

FIVE has been the subject of several other research reports. William Blair downgraded Five Below from an outperform rating to a market perform rating in a report on Wednesday, July 17th. KeyCorp lowered their target price on shares of Five Below from $115.00 to $106.00 and set an overweight rating for the company in a report on Thursday, August 29th. Melius Research assumed coverage on shares of Five Below in a report on Monday, September 23rd. They set a hold rating and a $100.00 price target on the stock. UBS Group decreased their price objective on shares of Five Below from $120.00 to $108.00 and set a buy rating for the company in a research note on Wednesday, August 21st. Finally, Loop Capital cut their target price on Five Below from $190.00 to $120.00 and set a hold rating on the stock in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Five Below presently has a consensus rating of Hold and an average price target of $110.00.

Five Below Stock Performance

FIVE stock opened at $92.59 on Thursday. The stock’s 50 day simple moving average is $80.06 and its 200 day simple moving average is $117.81. The company has a market cap of $5.10 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.06 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.

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

Institutional Trading of Five Below

Several hedge funds and other institutional investors have recently bought and sold shares of FIVE. V Square Quantitative Management LLC bought a new position in Five Below in the 4th quarter worth $26,000. Rise Advisors LLC bought a new position in Five Below in the first quarter worth about $28,000. Partnership Wealth Management LLC lifted its holdings in Five Below by 2,000.0% in the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after buying an additional 300 shares during the period. Quest Partners LLC bought a new stake in Five Below during the 4th quarter valued at approximately $37,000. Finally, Parallel Advisors LLC boosted its position in Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 82 shares in the last quarter.

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.