Five Below (NASDAQ:FIVE) PT Raised to $104.00 at Evercore ISI

Five Below (NASDAQ:FIVE) had its price objective raised by Evercore ISI from $100.00 to $104.00 in a research note published on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the specialty retailer’s stock.

Several other research firms have also issued reports on FIVE. Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $160.00 to $100.00 in a report on Wednesday, July 17th. Gordon Haskett lowered shares of Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. Telsey Advisory Group lowered their target price on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company lowered their target price on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Finally, Citigroup lowered their target price on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Five Below presently has an average rating of “Hold” and a consensus price target of $111.60.

Five Below Price Performance

Shares of FIVE opened at $89.97 on Tuesday. Five Below has a one year low of $64.87 and a one year high of $216.18. The company has a 50-day simple moving average of $87.01 and a two-hundred day simple moving average of $107.41. The firm has a market capitalization of $4.95 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last issued 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 business had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Analysts expect that Five Below will post 4.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Paladin Wealth LLC purchased a new position in shares of Five Below during the 3rd quarter worth $26,000. Partnership Wealth Management LLC lifted its stake in shares of Five Below by 2,000.0% during the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 300 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Five Below during the 1st quarter valued at $38,000. Hobbs Group Advisors LLC purchased a new position in shares of Five Below during the 2nd quarter valued at $44,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Five Below during the 2nd quarter valued at $50,000.

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.