Five Below (NASDAQ:FIVE) PT Raised to $104.00

Five Below (NASDAQ:FIVE - Get Free Report) had its price objective upped by equities researchers at Evercore ISI from $100.00 to $104.00 in a report released on Tuesday, Benzinga reports. The firm presently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's price target indicates a potential upside of 15.59% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Truist Financial reaffirmed a "hold" rating and issued a $89.00 price target on shares of Five Below in a report on Monday, August 26th. Bank of America upped their target price on Five Below from $87.00 to $98.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. Morgan Stanley cut Five Below from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $160.00 to $100.00 in a research report on Wednesday, July 17th. Melius Research started coverage on Five Below in a research report on Monday, September 23rd. They issued a "hold" rating and a $100.00 price objective on the stock. Finally, KeyCorp dropped their price objective on shares of Five Below from $115.00 to $106.00 and set an "overweight" rating on the stock in a research note on Thursday, August 29th. Two equities 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $111.60.

Five Below Price Performance

FIVE traded down $1.68 on Tuesday, reaching $89.97. 1,086,628 shares of the stock were exchanged, compared to its average volume of 1,437,201. The company's 50-day moving average price is $87.01 and its 200 day moving average price is $107.41. The firm has a market capitalization of $4.95 billion, a PE ratio of 16.91, a PEG ratio of 1.01 and a beta of 1.21. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The firm had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. As a group, equities analysts forecast that Five Below will post 4.55 earnings per share for the current fiscal year.

Institutional Trading of Five Below

Large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in shares of Five Below during the 1st quarter worth approximately $303,000. Deepwater Asset Management LLC increased its stake in shares of Five Below by 21.8% in the 1st quarter. Deepwater Asset Management LLC now owns 75,705 shares of the specialty retailer's stock worth $13,731,000 after acquiring an additional 13,568 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of Five Below by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,522 shares of the specialty retailer's stock worth $2,453,000 after acquiring an additional 200 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Five Below by 2.1% during the 1st quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer's stock worth $340,278,000 after acquiring an additional 37,797 shares during the period. Finally, Azzad Asset Management Inc. ADV acquired a new position in shares of Five Below during the 1st quarter valued at about $725,000.

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.