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

Five Below (NASDAQ:FIVE) had its target price increased by equities research analysts at Bank of America from $87.00 to $98.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Bank of America‘s price objective would suggest a potential upside of 6.33% from the stock’s previous close.

Several other research firms also recently commented on FIVE. Loop Capital reduced their price target on shares of Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, June 7th. Truist Financial reaffirmed a “hold” rating and issued a $89.00 price target on shares of Five Below in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $79.00 target price (down from $155.00) on shares of Five Below in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut Five Below from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $89.00 to $95.00 in a research note on Thursday, September 19th. Finally, William Blair downgraded Five Below from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. Two equities research 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, the company has a consensus rating of “Hold” and a consensus target price of $110.00.

Five Below Stock Up 1.2 %

NASDAQ FIVE traded up $1.13 during trading on Thursday, hitting $92.17. 407,417 shares of the stock traded hands, compared to its average volume of 1,439,819. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18. The firm has a 50-day simple moving average of $79.37 and a 200-day simple moving average of $120.00. The company has a market capitalization of $5.08 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share 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 for the quarter, compared to analysts’ expectations of $821.95 million. As a group, research analysts predict that Five Below will post 4.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

Several hedge funds have recently made changes to their positions in the business. Quest Partners LLC purchased a new stake in Five Below in the 4th quarter valued at about $37,000. Parallel Advisors LLC increased its position in Five Below by 86.3% during the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. TD Asset Management Inc raised its stake in Five Below by 2.8% during the fourth quarter. TD Asset Management Inc now owns 191,315 shares of the specialty retailer’s stock worth $40,781,000 after purchasing an additional 5,200 shares during the period. Stifel Financial Corp boosted its holdings in shares of Five Below by 2.6% in the 4th quarter. Stifel Financial Corp now owns 42,017 shares of the specialty retailer’s stock valued at $8,956,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Fiduciary Trust Co grew its stake in shares of Five Below by 19.7% during the 4th quarter. Fiduciary Trust Co now owns 5,711 shares of the specialty retailer’s stock valued at $1,217,000 after buying an additional 940 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.