Five Below (NASDAQ:FIVE) Trading 3.9% Higher

Five Below, Inc. (NASDAQ:FIVE - Get Free Report) shot up 3.9% on Monday . The company traded as high as $101.02 and last traded at $100.36. 121,588 shares changed hands during trading, a decline of 91% from the average session volume of 1,415,779 shares. The stock had previously closed at $96.56.

Analysts Set New Price Targets

Several analysts recently commented on FIVE shares. William Blair downgraded Five Below from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 17th. Guggenheim lowered their price target on Five Below from $165.00 to $125.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. The Goldman Sachs Group cut their price objective on Five Below from $124.00 to $106.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company decreased their price objective on Five Below from $145.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday, July 17th. Finally, Citigroup dropped their target price on shares of Five Below from $92.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $109.63.

Five Below Trading Up 2.4 %

The company has a market cap of $5.45 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The firm has a 50-day moving average of $79.62 and a 200 day moving average of $124.74.

Hedge Funds Weigh In On Five Below

Several institutional investors have recently made changes to their positions in FIVE. V Square Quantitative Management LLC acquired a new position in Five Below during the 4th quarter valued at about $26,000. Rise Advisors LLC purchased a new position in shares of Five Below during the first quarter valued at approximately $28,000. Partnership Wealth Management LLC grew its holdings in Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer's stock worth $34,000 after buying an additional 300 shares in the last quarter. Quest Partners LLC purchased a new stake in Five Below in the 4th quarter valued at $37,000. Finally, Parallel Advisors LLC raised its position in Five Below by 86.3% in the 4th 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.

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.