Five Below (NASDAQ:FIVE) Trading 3.7% Higher - Should You Buy?

Five Below, Inc. (NASDAQ:FIVE - Get Free Report)'s stock price shot up 3.7% during mid-day trading on Tuesday . The stock traded as high as $94.28 and last traded at $93.85. 66,116 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 1,434,587 shares. The stock had previously closed at $90.48.

Analyst Ratings Changes

FIVE has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on Five Below from $115.00 to $106.00 and set an "overweight" rating on the stock in a report on Thursday, August 29th. Craig Hallum upped their price target on shares of Five Below from $102.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Truist Financial restated a "hold" rating and set a $89.00 price objective on shares of Five Below in a report on Monday, August 26th. Gordon Haskett cut Five Below from an "accumulate" rating to a "hold" rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lowered Five Below from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $160.00 to $100.00 in a report on Wednesday, July 17th. 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $111.15.

Five Below Trading Up 3.4 %

The company's 50-day simple moving average is $84.76 and its 200-day simple moving average is $109.53. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.01 and a beta of 1.21.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $830.07 million for the quarter, compared to analysts' expectations of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, equities research analysts expect that Five Below, Inc. will post 4.55 earnings per share for the current fiscal year.

Institutional Trading of Five Below

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVE. Point72 Asset Management L.P. grew its position in shares of Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer's stock worth $98,991,000 after buying an additional 769,980 shares during the period. Marshall Wace LLP boosted its stake in Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer's stock worth $66,003,000 after acquiring an additional 207,083 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer's stock worth $65,034,000 after purchasing an additional 167,330 shares during the period. Jennison Associates LLC bought a new stake in Five Below in the first quarter valued at $25,114,000. Finally, Riverbridge Partners LLC raised its holdings in shares of Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock valued at $150,151,000 after purchasing an additional 72,020 shares during the period.

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.