Five Below (NASDAQ:FIVE) Given New $135.00 Price Target at Wells Fargo & Company

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

Several other research firms also recently commented on FIVE. William Blair reiterated a “market perform” rating on shares of Five Below in a research note on Monday. UBS Group lowered their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Guggenheim lifted their target price on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday. Mizuho reissued a “neutral” rating and issued a $85.00 price target on shares of Five Below in a report on Thursday, October 3rd. Finally, Gordon Haskett raised Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Five Below has a consensus rating of “Hold” and an average price target of $114.35.

Five Below Trading Up 10.5 %

Shares of Five Below stock opened at $115.97 on Thursday. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18. The company has a market capitalization of $6.38 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18. The stock has a fifty day simple moving average of $91.39 and a 200 day simple moving average of $94.78.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIVE. Paladin Wealth LLC bought a new position in Five Below in the third quarter worth about $26,000. Brooklyn Investment Group bought a new position in shares of Five Below during the third quarter valued at $30,000. Hobbs Group Advisors LLC purchased a new stake in Five Below during the 2nd quarter valued at about $44,000. Ashton Thomas Private Wealth LLC purchased a new position in Five Below in the second quarter worth about $50,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the third quarter valued at approximately $42,000.

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.