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

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

FIVE has been the subject of several other reports. Melius Research assumed coverage on shares of Five Below in a research note on Monday, September 23rd. They set a hold rating and a $100.00 price objective for the company. JPMorgan Chase & Co. cut Five Below from a neutral rating to an underweight rating and increased their price objective for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. Evercore ISI cut their price objective on Five Below from $101.00 to $95.00 and set an in-line rating on the stock in a research report on Thursday, August 29th. StockNews.com downgraded Five Below from a hold rating to a sell rating in a report on Saturday, June 8th. Finally, Truist Financial reiterated a hold rating and issued a $89.00 price target on shares of Five Below in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of Hold and an average price target of $111.15.

Five Below Price Performance

Shares of Five Below stock opened at $94.27 on Wednesday. Five Below has a one year low of $64.87 and a one year high of $216.18. The business’s 50 day simple moving average is $81.20 and its two-hundred day simple moving average is $115.85. The stock has a market capitalization of $5.19 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21.

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

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently modified their holdings of FIVE. V Square Quantitative Management LLC bought a new position in Five Below in the 4th quarter worth about $26,000. Rise Advisors LLC bought a new position in shares of Five Below in the first quarter worth approximately $28,000. Partnership Wealth Management LLC grew its holdings in shares of Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 300 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Five Below by 86.3% during the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Five Below during the first quarter valued at approximately $38,000.

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.