Loop Capital Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE) had its price objective hoisted by Loop Capital from $90.00 to $120.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price target suggests a potential upside of 6.45% from the stock’s current price.

Several other research firms have also weighed in on FIVE. UBS Group reduced their price objective on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. The Goldman Sachs Group reduced their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Craig Hallum upped their price objective on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 7th. Finally, Evercore ISI upped their price target on shares of Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $116.15.

Five Below Stock Down 2.8 %

FIVE opened at $112.73 on Thursday. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.14 and a beta of 1.18. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The company has a 50-day simple moving average of $91.79 and a 200 day simple moving average of $94.63.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama grew its stake in Five Below by 47.2% during the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock worth $13,371,000 after purchasing an additional 48,524 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Five Below during the 3rd quarter worth approximately $42,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Five Below by 52.3% during 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 period. Geode Capital Management LLC increased its stake in shares of Five Below by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after acquiring an additional 11,504 shares in the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new position in shares of Five Below during the 3rd quarter valued at $522,000.

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.