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

Five Below (NASDAQ:FIVE) had its target price raised by Craig Hallum from $102.00 to $125.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

FIVE has been the subject of several other reports. 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 note on Thursday, August 29th. Barclays lowered shares of Five Below from an overweight rating to an equal weight rating and decreased their price target for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. Wells Fargo & Company dropped their price objective on shares of Five Below from $145.00 to $115.00 and set an overweight rating on the stock in a research note on Wednesday, July 17th. UBS Group decreased their target price on shares of Five Below from $120.00 to $108.00 and set a buy rating for the company in a research report on Wednesday, August 21st. Finally, Gordon Haskett cut shares of Five Below from an accumulate rating to a hold rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $111.15.

Five Below Trading Up 5.0 %

Shares of FIVE stock opened at $94.27 on Wednesday. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.06 and a beta of 1.21. The stock has a 50-day moving average of $81.20 and a 200-day moving average of $115.85.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Sell-side analysts forecast that Five Below will post 4.55 earnings per share for the current year.

Hedge Funds Weigh In On Five Below

A number of large investors have recently modified their holdings of the company. Point72 Asset Management L.P. boosted its holdings in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the period. Junto Capital Management LP bought a new stake in Five Below during the fourth quarter valued at $73,472,000. Marshall Wace LLP grew its position in Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after buying an additional 207,083 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Five Below by 39.0% during the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after buying an additional 167,330 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in shares of Five Below in the 1st quarter valued at about $25,114,000.

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.