Wells Fargo & Company Lowers Five Below (NASDAQ:FIVE) Price Target to $145.00

Five Below (NASDAQ:FIVE) had its target price lowered by Wells Fargo & Company from $180.00 to $145.00 in a research note published on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

Other equities research analysts have also recently issued reports about the company. Craig Hallum decreased their price objective on Five Below from $187.00 to $124.00 and set a hold rating for the company in a research note on Thursday. Truist Financial lowered their price target on Five Below from $176.00 to $136.00 and set a buy rating for the company in a research note on Thursday. StockNews.com downgraded shares of Five Below from a hold rating to a sell rating in a research report on Thursday, May 30th. Guggenheim decreased their price objective on shares of Five Below from $230.00 to $165.00 and set a buy rating for the company in a report on Thursday. Finally, Citigroup cut their target price on shares of Five Below from $210.00 to $185.00 and set a buy rating on the stock in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $175.33.

Five Below Stock Down 0.2 %

Shares of FIVE opened at $118.49 on Thursday. The stock’s fifty day simple moving average is $145.32 and its 200-day simple moving average is $177.27. The firm has a market capitalization of $6.55 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17. Five Below has a 12-month low of $106.21 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $0.67 EPS. Analysts anticipate that Five Below will post 5.25 EPS for the current year.

Institutional Investors Weigh In On Five Below

A number of hedge funds and other institutional investors have recently bought and sold shares of FIVE. DekaBank Deutsche Girozentrale grew its stake in shares of Five Below by 33.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,251 shares of the specialty retailer’s stock worth $3,693,000 after acquiring an additional 5,054 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Five Below by 127.8% in 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. Cetera Investment Advisers boosted its holdings in Five Below by 1,842.1% during the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after purchasing an additional 21,368 shares during the last quarter. LRI Investments LLC bought a new position in Five Below in the first quarter valued at $38,000. Finally, Comerica Bank increased its stake in Five Below by 2.9% in the 1st quarter. Comerica Bank now owns 98,260 shares of the specialty retailer’s stock valued at $17,822,000 after buying an additional 2,804 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.