Five Below (NASDAQ:FIVE) Price Target Raised to $125.00 at Craig Hallum

Five Below (NASDAQ:FIVE) had its price objective boosted by equities researchers at Craig Hallum from $102.00 to $125.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Craig Hallum’s price target would suggest a potential upside of 39.28% from the stock’s current price.

Several other equities research analysts have also recently weighed in on FIVE. Melius Research assumed coverage on shares of Five Below in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price for the company. Wells Fargo & Company reduced their price objective on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Mizuho cut Five Below from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $150.00 to $85.00 in a research report on Wednesday, July 17th. Telsey Advisory Group reduced their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Truist Financial reissued a “hold” rating and issued a $89.00 price target on shares of Five Below in a report on Monday, August 26th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.15.

Five Below Stock Up 0.8 %

Shares of FIVE stock opened at $89.75 on Wednesday. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The firm has a market cap of $4.94 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. The stock has a 50 day moving average of $80.84 and a 200-day moving average of $116.03.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $821.95 million. As a group, equities analysts predict that Five Below will post 4.55 EPS for the current fiscal year.

Institutional Trading of Five Below

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Five Below during the 4th quarter worth about $26,000. Rise Advisors LLC acquired a new position in shares of Five Below during the first quarter worth approximately $28,000. Parallel Advisors LLC grew its stake in shares of Five Below by 86.3% during the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings in shares of Five Below by 18,100.0% in the first quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock valued at $330,000 after purchasing an additional 181 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Five Below in the 1st quarter worth approximately $38,000.

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.