Wells Fargo & Company Increases Five Below (NASDAQ:FIVE) Price Target to $135.00

Five Below (NASDAQ:FIVE) had its price objective lifted by Wells Fargo & Company from $115.00 to $135.00 in a report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

A number of other equities research analysts also recently issued reports on the stock. Guggenheim upped their price objective on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday. Gordon Haskett raised Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Thursday, November 7th. Morgan Stanley increased their price target on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday. William Blair reissued a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Finally, UBS Group decreased their target price on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.15.

Five Below Stock Down 2.8 %

Shares of Five Below stock opened at $112.73 on Thursday. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The business has a 50 day moving average price of $91.79 and a 200-day moving average price of $94.37. The company has a market cap of $6.20 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.10% and a net margin of 7.02%. The business had revenue of $843.71 million during 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. Five Below’s revenue was up 14.6% compared to the same quarter last year. As a group, research analysts anticipate that Five Below will post 4.93 EPS for the current year.

Institutional Investors Weigh In On Five Below

Several institutional investors have recently made changes to their positions in the stock. Paladin Wealth LLC purchased a new position in shares of Five Below in the third quarter valued at $26,000. Brooklyn Investment Group bought a new position in Five Below in the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in Five Below in the 3rd quarter worth about $42,000. Hobbs Group Advisors LLC purchased a new position in Five Below during the 2nd quarter valued at about $44,000. Finally, Partnership Wealth Management LLC increased its position in shares of Five Below by 63.5% during the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares during the period.

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.