Five Below (NASDAQ:FIVE) Shares Up 5.2% After Analyst Upgrade

Five Below, Inc. (NASDAQ:FIVE)’s stock price rose 5.2% on Monday after Citigroup raised their price target on the stock from $85.00 to $96.00. Citigroup currently has a neutral rating on the stock. Five Below traded as high as $98.10 and last traded at $97.52. Approximately 483,842 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 1,467,387 shares. The stock had previously closed at $92.70.

Other equities research analysts have also issued reports about the stock. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and upped their price target for the company from $89.00 to $95.00 in a report on Thursday, September 19th. Telsey Advisory Group lowered shares of Five Below from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $102.00 to $95.00 in a report on Monday, November 25th. Evercore ISI upped their price objective on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, UBS Group cut their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Five Below has a consensus rating of “Hold” and an average target price of $106.60.

Institutional Investors Weigh In On Five Below

Several hedge funds have recently bought and sold shares of FIVE. Paladin Wealth LLC bought a new position in Five Below during the 3rd quarter valued at approximately $26,000. Brooklyn Investment Group purchased a new stake in shares of Five Below in the third quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Five Below during the third quarter valued at $42,000. Hobbs Group Advisors LLC purchased a new position in shares of Five Below in the 2nd quarter worth about $44,000. Finally, Partnership Wealth Management LLC raised its position in shares of Five Below by 63.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the last quarter.

Five Below Trading Up 4.9 %

The stock’s 50 day moving average is $90.45 and its 200-day moving average is $95.09. The company has a market cap of $5.35 billion, a P/E ratio of 19.14, a PEG ratio of 1.02 and a beta of 1.20.

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.