Five Below (NASDAQ:FIVE) PT Raised to $98.00 at Bank of America

Five Below (NASDAQ:FIVE) had its price target increased by stock analysts at Bank of America from $87.00 to $98.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Bank of America‘s price target suggests a potential upside of 5.84% from the company’s current price.

A number of other brokerages have also recently commented on FIVE. Craig Hallum raised Five Below from a “hold” rating to a “buy” rating and decreased their target price for the stock from $108.00 to $102.00 in a report on Thursday, August 29th. Truist Financial reaffirmed a “hold” rating and issued a $89.00 target price on shares of Five Below in a report on Monday, August 26th. Melius Research initiated coverage on Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price on the stock. Morgan Stanley cut Five Below from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th. Finally, UBS Group decreased their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $110.00.

Five Below Price Performance

NASDAQ FIVE opened at $92.59 on Thursday. The business’s fifty day moving average price is $80.06 and its 200-day moving average price is $119.06. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.06 and a beta of 1.21. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Equities research analysts anticipate that Five Below will post 4.55 EPS for the current year.

Institutional Investors Weigh In On Five Below

Several large investors have recently made changes to their positions in FIVE. BNP Paribas Financial Markets increased its stake in Five Below by 30.4% during the first quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock worth $2,462,000 after acquiring an additional 3,166 shares during the last quarter. Cetera Investment Advisers increased its stake 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 acquiring an additional 21,368 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Five Below during the first quarter worth approximately $2,656,000. Price T Rowe Associates Inc. MD increased its stake in Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock worth $689,165,000 after acquiring an additional 38,419 shares during the last quarter. Finally, Bridgefront Capital LLC increased its stake in Five Below by 379.0% during the fourth quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock worth $1,699,000 after acquiring an additional 6,306 shares during the last quarter.

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.