Five Below (NASDAQ:FIVE) Stock Price Expected to Rise, Mizuho Analyst Says

Five Below (NASDAQ:FIVE) had its target price boosted by investment analysts at Mizuho from $90.00 to $105.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Mizuho’s price objective would suggest a potential downside of 6.86% from the stock’s current price.

FIVE has been the subject of several other reports. Evercore ISI increased their price objective on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Truist Financial lifted their price target on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley raised their price objective on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Loop Capital boosted their target price on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.15.

Five Below Stock Performance

Shares of Five Below stock opened at $112.73 on Friday. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The firm has a market cap of $6.20 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18. The firm’s 50-day simple moving average is $91.79 and its 200-day simple moving average is $94.37.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.10% and a net margin of 7.02%. The company had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period in the previous year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities analysts forecast that Five Below will post 4.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five Below

Several institutional investors have recently modified their holdings of FIVE. Charles Schwab Investment Management Inc. boosted its stake in Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after acquiring an additional 180,902 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Five Below in the 3rd quarter valued at $3,282,000. Janney Montgomery Scott LLC boosted its position in shares of Five Below by 72.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after purchasing an additional 9,188 shares during the last quarter. Algert Global LLC grew its stake in shares of Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Five Below by 1,842.1% in the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after purchasing an additional 21,368 shares during the last quarter.

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.