Five Below (NASDAQ:FIVE) Given New $215.00 Price Target at Craig Hallum

Five Below (NASDAQ:FIVE) had its target price lowered by Craig Hallum from $224.00 to $215.00 in a research note released on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

A number of other analysts also recently issued reports on the stock. Bank of America cut their price objective on shares of Five Below from $242.00 to $230.00 and set a buy rating for the company in a report on Thursday. Telsey Advisory Group reissued an outperform rating and set a $220.00 price target (down previously from $225.00) on shares of Five Below in a research report on Friday, August 25th. Loop Capital lowered their price objective on Five Below from $200.00 to $175.00 and set a hold rating on the stock in a research note on Thursday. Truist Financial cut their target price on Five Below from $224.00 to $222.00 in a research report on Friday, June 2nd. Finally, Citigroup decreased their price target on Five Below from $225.00 to $220.00 in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $214.36.

Five Below Stock Down 6.0 %

Shares of NASDAQ:FIVE opened at $171.96 on Thursday. Five Below has a 12-month low of $123.55 and a 12-month high of $220.19. The business has a 50 day moving average of $195.44 and a 200-day moving average of $196.95. The stock has a market cap of $9.57 billion, a PE ratio of 36.05, a P/E/G ratio of 1.45 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. Five Below had a return on equity of 20.90% and a net margin of 8.42%. The firm had revenue of $759.00 million for the quarter, compared to analyst estimates of $760.02 million. During the same period in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts expect that Five Below will post 5.59 earnings per share for the current year.

Hedge Funds Weigh In On Five Below

Several large investors have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Five Below during the second quarter worth about $25,000. Acadian Asset Management LLC acquired a new stake in Five Below during the 2nd quarter worth approximately $25,000. Sunbelt Securities Inc. grew its holdings in Five Below by 76.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 58 shares during the last quarter. Alaska Permanent Fund Corp acquired a new position in Five Below in the 2nd quarter valued at approximately $27,000. Finally, Ridgewood Investments LLC bought a new position in shares of Five Below during the first quarter valued at $31,000.

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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.