Five Below (NASDAQ:FIVE) Coverage Initiated at Melius Research

Analysts at Melius Research initiated coverage on shares of Five Below (NASDAQ:FIVE) in a report released on Monday, Benzinga reports. The firm set a “hold” rating and a $100.00 price target on the specialty retailer’s stock. Melius Research’s target price suggests a potential upside of 3.09% from the company’s current price.

Other analysts have also issued research reports about the company. Guggenheim cut their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. The Goldman Sachs Group cut their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. Craig Hallum upgraded shares of Five Below from a “hold” rating to a “buy” rating and reduced their target price for the company from $108.00 to $102.00 in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. cut Five Below from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $89.00 to $95.00 in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $109.45.

Five Below Stock Performance

Shares of Five Below stock traded up $1.59 during trading on Monday, reaching $97.00. The company had a trading volume of 860,989 shares, compared to its average volume of 1,438,847. The firm’s fifty day moving average is $79.31 and its 200-day moving average is $121.77. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, research analysts anticipate that Five Below will post 4.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in Five Below during the fourth quarter worth about $68,825,000. Corient Private Wealth LLC boosted its position in shares of Five Below by 4.3% during the 4th quarter. Corient Private Wealth LLC now owns 30,838 shares of the specialty retailer’s stock worth $6,573,000 after acquiring an additional 1,283 shares in the last quarter. Quest Partners LLC bought a new position in Five Below in the fourth quarter valued at approximately $37,000. Neuberger Berman Group LLC raised its position in Five Below by 1.7% during the fourth quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock valued at $959,000 after purchasing an additional 76 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in Five Below by 0.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock valued at $245,340,000 after purchasing an additional 9,837 shares in the last quarter.

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.