Five Below (NASDAQ:FIVE) Stock Rating Upgraded by StockNews.com

Five Below (NASDAQ:FIVE) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Other analysts have also issued research reports about the company. Loop Capital lifted their price objective on Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday. The Goldman Sachs Group decreased their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on shares of Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday. Wells Fargo & Company raised their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Craig Hallum upped their target price on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $116.15.

Five Below Price Performance

NASDAQ:FIVE opened at $112.73 on Thursday. Five Below has a one year low of $64.87 and a one year high of $216.18. The company has a fifty day moving average price of $91.79 and a 200 day moving average price of $94.63. The stock has a market cap of $6.20 billion, a P/E ratio of 22.19, a PEG ratio of 1.14 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business had revenue of $843.71 million during the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, equities research analysts anticipate that Five Below will post 4.56 EPS for the current year.

Institutional Trading of Five Below

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers grew its holdings in Five Below by 1,842.1% during the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after acquiring an additional 21,368 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Five Below by 127.8% during the first quarter. Cetera Advisors LLC now owns 4,585 shares of the specialty retailer’s stock worth $832,000 after purchasing an additional 2,572 shares in the last quarter. Country Trust Bank grew its stake in shares of Five Below by 26.0% during the second quarter. Country Trust Bank now owns 260,690 shares of the specialty retailer’s stock valued at $28,407,000 after purchasing an additional 53,752 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Five Below by 134.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,798 shares of the specialty retailer’s stock valued at $632,000 after purchasing an additional 3,327 shares in the last quarter. Finally, Yarbrough Capital LLC raised its position in Five Below by 42.2% in the 2nd quarter. Yarbrough Capital LLC now owns 8,491 shares of the specialty retailer’s stock worth $925,000 after purchasing an additional 2,521 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.