Five Below (NASDAQ:FIVE) Upgraded at Gordon Haskett

Five Below (NASDAQ:FIVE) was upgraded by Gordon Haskett from a “hold” rating to a “buy” rating in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage presently has a $120.00 price objective on the specialty retailer’s stock. Gordon Haskett’s target price suggests a potential upside of 31.55% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on FIVE. Citigroup decreased their target price on Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Morgan Stanley downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th. Craig Hallum upped their target price on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 target price (down previously from $155.00) on shares of Five Below in a research report on Thursday, July 18th. Finally, 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 on the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $106.40.

Five Below Price Performance

NASDAQ:FIVE traded up $6.80 on Thursday, reaching $91.22. The stock had a trading volume of 2,472,897 shares, compared to its average volume of 1,448,459. The firm’s fifty day moving average is $90.22 and its two-hundred day moving average is $102.27. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.05 and a beta of 1.20. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, research analysts forecast that Five Below will post 4.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several institutional investors have recently made changes to their positions in FIVE. Point72 Asset Management L.P. grew its holdings in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares in the last quarter. Marshall Wace LLP increased its position in shares of Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 worth $65,034,000 after purchasing an additional 167,330 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Five Below by 318,361.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock worth $9,566,000 after purchasing an additional 108,243 shares during the last quarter. Finally, Riverbridge Partners LLC grew its position in shares of Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after buying an additional 72,020 shares during the last quarter.

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.