Five Below (NASDAQ:FIVE) Trading 5.2% Higher Following Analyst Upgrade

Five Below, Inc. (NASDAQ:FIVE) shares shot up 5.2% during mid-day trading 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. 483,842 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 1,467,387 shares. The stock had previously closed at $92.70.

FIVE has been the topic of a number of other research reports. Mizuho restated a “neutral” rating and issued a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut Five Below from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $89.00 to $95.00 in a research note on Thursday, September 19th. Telsey Advisory Group downgraded shares of Five Below from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $102.00 to $95.00 in a report on Monday, November 25th. KeyCorp downgraded shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, Truist Financial boosted their price target on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $106.60.

Institutional Trading of Five Below

Institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below in the third quarter worth about $42,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Five Below by 52.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock worth $2,401,000 after buying an additional 9,336 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after buying an additional 11,504 shares during the period. Prestige Wealth Management Group LLC bought a new position in shares of Five Below during the third quarter valued at approximately $522,000. Finally, Bullseye Asset Management LLC lifted its stake in Five Below by 9.4% in the third quarter. Bullseye Asset Management LLC now owns 35,007 shares of the specialty retailer’s stock worth $3,093,000 after acquiring an additional 3,000 shares during the period.

Five Below Price Performance

The business has a 50 day moving average of $90.51 and a 200 day moving average of $94.80. The company has a market cap of $5.68 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18.

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.