Five Below (NASDAQ:FIVE) Price Target Raised to $96.00

Five Below (NASDAQ:FIVE) had its price target boosted by Citigroup from $85.00 to $96.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

FIVE has been the subject of several other research reports. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, November 7th. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Craig Hallum increased their price target on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Truist Financial increased their price target on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, Telsey Advisory Group lowered shares of Five Below from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $102.00 to $95.00 in a research report on Monday, November 25th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Five Below currently has an average rating of “Hold” and an average price target of $106.60.

Five Below Stock Up 1.7 %

Five Below stock opened at $104.97 on Monday. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18. The firm’s fifty day moving average is $90.69 and its 200 day moving average is $94.55. The company has a market capitalization of $5.77 billion, a PE ratio of 20.31, a PEG ratio of 1.09 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. Sell-side analysts expect that Five Below will post 4.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

Several institutional investors have recently bought and sold shares of FIVE. Atreides Management LP purchased a new position in shares of Five Below in the third quarter valued at about $68,649,000. Point72 Asset Management L.P. grew its stake in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares during the last quarter. Two Sigma Advisers LP purchased a new position in Five Below during the 3rd quarter valued at about $64,981,000. Holocene Advisors LP bought a new position in Five Below during the 3rd quarter valued at approximately $38,829,000. Finally, Wellington Management Group LLP lifted its holdings in Five Below by 1,042.4% in the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock worth $34,545,000 after buying an additional 356,776 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.