Five Below (NASDAQ:FIVE) Price Target Increased to $104.00 by Analysts at Evercore ISI

Five Below (NASDAQ:FIVE) had its price objective hoisted by Evercore ISI from $100.00 to $104.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an in-line rating on the specialty retailer’s stock.

Several other research firms also recently issued reports on FIVE. Bank of America lifted their price target on shares of Five Below from $87.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Craig Hallum boosted their price target on Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Mizuho restated a “neutral” rating and set a $85.00 price objective on shares of Five Below in a research note on Thursday, October 3rd. UBS Group cut their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Finally, William Blair cut Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $111.60.

Five Below Price Performance

NASDAQ:FIVE opened at $87.37 on Tuesday. The business’s 50-day moving average is $88.33 and its two-hundred day moving average is $106.14. The firm has a market capitalization of $4.81 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18.

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

Institutional Trading of Five Below

Several hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its position in Five Below by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 6,450 shares of the specialty retailer’s stock worth $569,000 after buying an additional 430 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Five Below by 1,379.0% in the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after acquiring an additional 15,734 shares during the period. Private Advisor Group LLC lifted its position in Five Below by 20.8% in the 3rd quarter. Private Advisor Group LLC now owns 2,297 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 395 shares during the last quarter. Signaturefd LLC boosted its stake in Five Below by 8.0% during the 3rd quarter. Signaturefd LLC now owns 13,103 shares of the specialty retailer’s stock valued at $1,158,000 after purchasing an additional 970 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Five Below by 318,361.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock valued at $9,566,000 after purchasing an additional 108,243 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.