Five Below, Inc. (NASDAQ:FIVE) Receives Average Recommendation of “Hold” from Analysts

Shares of Five Below, Inc. (NASDAQ:FIVE) have received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the firm, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $113.37.

FIVE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $79.00 price target (down previously from $155.00) on shares of Five Below in a report on Thursday, July 18th. JPMorgan Chase & Co. cut their target price on Five Below from $122.00 to $87.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. Loop Capital decreased their price target on Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, June 7th. Truist Financial cut shares of Five Below from a “buy” rating to a “hold” rating and cut their price objective for the company from $136.00 to $89.00 in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company decreased their target price on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th.

Institutional Investors Weigh In On Five Below

A number of institutional investors and hedge funds have recently modified their holdings of FIVE. International Assets Investment Management LLC purchased a new stake in shares of Five Below during the fourth quarter valued at $3,726,000. Wealth Alliance lifted its stake in Five Below by 3.7% during the fourth quarter. Wealth Alliance now owns 2,090 shares of the specialty retailer’s stock valued at $446,000 after buying an additional 75 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Five Below by 6.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,961 shares of the specialty retailer’s stock valued at $2,550,000 after buying an additional 751 shares in the last quarter. Latitude Advisors LLC acquired a new position in shares of Five Below in the fourth quarter worth about $230,000. Finally, Groesbeck Investment Management Corp NJ increased its position in shares of Five Below by 9.1% in the fourth quarter. Groesbeck Investment Management Corp NJ now owns 5,755 shares of the specialty retailer’s stock worth $1,227,000 after acquiring an additional 480 shares in the last quarter.

Five Below Price Performance

Shares of FIVE opened at $80.44 on Friday. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a fifty day moving average price of $89.73 and a 200 day moving average price of $138.71. The company has a market cap of $4.43 billion, a P/E ratio of 15.12, a PEG ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. During the same period last year, the firm posted $0.67 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts anticipate that Five Below will post 4.89 earnings per share for the current year.

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.