Five Below (NASDAQ:FIVE) Shares Gap Up – Time to Buy?

Five Below, Inc. (NASDAQ:FIVE) shares gapped up before the market opened on Monday . The stock had previously closed at $103.20, but opened at $107.00. Five Below shares last traded at $100.11, with a volume of 290,150 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FIVE. Mizuho lifted their target price on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Melius Research assumed coverage on shares of Five Below in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price on the stock. Evercore ISI increased their target price on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Loop Capital upped their price objective on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Barclays raised their target price on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $116.00.

Five Below Stock Down 5.0 %

The firm’s 50-day moving average is $98.52 and its 200-day moving average is $91.02. The company has a market capitalization of $5.39 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.06 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. The company had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. As a group, equities research analysts predict that Five Below, Inc. will post 4.94 EPS for the current year.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently made changes to their positions in the business. Paladin Wealth LLC bought a new position in shares of Five Below during the third quarter valued at about $26,000. Brooklyn Investment Group bought a new position in Five Below during the 3rd quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC purchased a new position in Five Below in the 2nd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB bought a new stake in Five Below in the third quarter valued at approximately $42,000. Finally, Partnership Wealth Management LLC grew its holdings in shares of Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the last quarter.

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.