StockNews.com Upgrades Five Below (NASDAQ:FIVE) to Hold

Five Below (NASDAQ:FIVE) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other brokerages have also issued reports on FIVE. UBS Group dropped their price target on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on shares of Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday. Loop Capital lifted their price target on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Barclays boosted their price objective on shares of Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $114.35.

Five Below Stock Up 10.5 %

Shares of FIVE stock traded up $11.00 during trading on Thursday, hitting $115.97. The company had a trading volume of 7,267,239 shares, compared to its average volume of 1,518,641. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18. The stock’s 50-day moving average is $90.97 and its two-hundred day moving average is $94.63.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, research analysts predict that Five Below will post 4.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

Institutional investors and hedge funds have recently bought and sold shares of the business. Paladin Wealth LLC purchased a new position in shares of Five Below during the third quarter valued at approximately $26,000. Brooklyn Investment Group bought a new stake in Five Below in the third quarter valued at $30,000. Hobbs Group Advisors LLC purchased a new position in Five Below during the 2nd quarter valued at $44,000. Ashton Thomas Private Wealth LLC bought a new position in Five Below in the 2nd quarter worth $50,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below in the 3rd quarter worth about $42,000.

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.