Five Below, Inc. (NASDAQ:FIVE) Receives $109.63 Average Target Price from Analysts

Five Below, Inc. (NASDAQ:FIVE) has earned an average recommendation of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $109.63.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Five Below from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Bank of America upped their target price on shares of Five Below from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. The Goldman Sachs Group reduced their target price on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. Finally, UBS Group cut their price objective 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.

Institutional Trading of Five Below

A number of institutional investors and hedge funds have recently bought and sold shares of FIVE. Point72 Asset Management L.P. increased its position in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares in the last quarter. Junto Capital Management LP acquired a new stake in Five Below during the 4th quarter worth approximately $73,472,000. Norges Bank acquired a new stake in Five Below during the 4th quarter worth approximately $68,825,000. Marshall Wace LLP increased its position in Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after purchasing an additional 207,083 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after acquiring an additional 167,330 shares in the last quarter.

Five Below Trading Up 2.4 %

NASDAQ:FIVE opened at $98.92 on Tuesday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The company’s 50-day moving average is $79.62 and its two-hundred day moving average is $124.74. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18.

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.