Five Below (NASDAQ:FIVE) Upgraded to “Overweight” at Wells Fargo & Company

Five Below (NASDAQ:FIVE) was upgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report released on Thursday, Marketbeat.com reports. The brokerage presently has a $180.00 target price on the specialty retailer’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 19.94% from the company’s previous close.

A number of other analysts have also commented on FIVE. UBS Group cut their price target on Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Morgan Stanley cut their price target on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Gordon Haskett lowered Five Below from a “buy” rating to an “accumulate” rating and cut their price objective for the stock from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Craig Hallum cut their price objective on Five Below from $195.00 to $187.00 and set a “hold” rating on the stock in a research note on Thursday, March 21st. Finally, Truist Financial cut their price objective on Five Below from $214.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.33.

Five Below Stock Down 0.5 %

NASDAQ:FIVE opened at $150.08 on Thursday. The stock’s 50-day simple moving average is $181.17 and its 200 day simple moving average is $185.29. The firm has a market capitalization of $8.29 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. Five Below has a twelve month low of $144.57 and a twelve month high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $3.07 earnings per share. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, analysts anticipate that Five Below will post 6.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

Institutional investors have recently bought and sold shares of the stock. Giverny Capital Inc. grew its holdings in Five Below by 1.7% during the third quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock worth $103,711,000 after buying an additional 10,845 shares in the last quarter. Desjardins Global Asset Management Inc. purchased a new position in Five Below in the fourth quarter worth $2,783,000. Trust Point Inc. purchased a new position in Five Below in the fourth quarter worth $2,129,000. DekaBank Deutsche Girozentrale purchased a new position in Five Below in the fourth quarter worth $3,222,000. Finally, Invesco Ltd. boosted its position in Five Below by 119.1% in the third quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock worth $47,317,000 after purchasing an additional 159,844 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.