Five Below (NASDAQ:FIVE) Price Target Raised to $104.00

Five Below (NASDAQ:FIVE) had its target price raised by research analysts at Evercore ISI from $100.00 to $104.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s price objective suggests a potential upside of 14.49% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. UBS Group dropped their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Morgan Stanley cut shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th. The Goldman Sachs Group decreased 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 report on Thursday, August 29th. Mizuho reiterated a “neutral” rating and issued a $85.00 price target on shares of Five Below in a research report on Thursday, October 3rd. Finally, Telsey Advisory Group decreased their price target on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $111.60.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $0.81 during trading on Tuesday, reaching $90.84. 134,466 shares of the stock traded hands, compared to its average volume of 1,432,533. The stock has a 50-day moving average of $86.51 and a two-hundred day moving average of $107.92. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18. The stock has a market cap of $5.00 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Sell-side analysts expect that Five Below will post 4.55 earnings per share for the current year.

Institutional Trading of Five Below

A number of institutional investors and hedge funds have recently bought and sold shares of FIVE. Los Angeles Capital Management LLC bought a new stake in Five Below in the 1st quarter valued at $303,000. Deepwater Asset Management LLC increased its holdings in Five Below by 21.8% in the 1st quarter. Deepwater Asset Management LLC now owns 75,705 shares of the specialty retailer’s stock valued at $13,731,000 after acquiring an additional 13,568 shares during the last quarter. State of Michigan Retirement System increased its holdings in Five Below by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,522 shares of the specialty retailer’s stock valued at $2,453,000 after acquiring an additional 200 shares during the last quarter. Wasatch Advisors LP increased its holdings in Five Below by 2.1% in the 1st quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after acquiring an additional 37,797 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV bought a new stake in Five Below in the 1st quarter valued at $725,000.

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.