Five Below (NASDAQ:FIVE) Given New $122.00 Price Target at The Goldman Sachs Group

Five Below (NASDAQ:FIVE) had its price objective boosted by The Goldman Sachs Group from $106.00 to $122.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

FIVE has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday. Melius Research started coverage on shares of Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price for the company. Loop Capital raised their price objective on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday. Craig Hallum raised their price objective on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Morgan Stanley lifted their target price on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.15.

Five Below Price Performance

NASDAQ FIVE opened at $112.73 on Friday. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18. The company has a market capitalization of $6.20 billion, a PE ratio of 23.24, a P/E/G ratio of 1.16 and a beta of 1.18. The company has a fifty day moving average of $91.79 and a two-hundred day moving average of $94.63.

Five Below (NASDAQ:FIVE) last announced its earnings results 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 7.02% and a return on equity of 18.10%. 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 firm earned $0.26 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, research analysts expect that Five Below will post 4.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FIVE. Fifth Third Bancorp raised its stake in shares of Five Below by 12.0% in the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 147 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Five Below by 9.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock valued at $231,000 after purchasing an additional 180 shares during the period. Peloton Wealth Strategists grew its holdings in Five Below by 3.0% during the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock valued at $743,000 after purchasing an additional 200 shares during the period. Partnership Wealth Management LLC grew its holdings in 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 purchasing an additional 200 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Five Below by 2.0% in the second quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock valued at $1,685,000 after buying an additional 296 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.