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

Five Below (NASDAQ:FIVE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

A number of other research analysts also recently commented on the stock. Barclays dropped their target price on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Truist Financial cut their target price on Five Below from $214.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Craig Hallum decreased their target price on Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, March 21st. Oppenheimer lowered Five Below from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $235.00 to $200.00 in a research report on Tuesday, January 30th. Finally, Morgan Stanley reduced their price objective on Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Five Below has an average rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below Price Performance

NASDAQ:FIVE opened at $141.99 on Monday. Five Below has a 12 month low of $139.16 and a 12 month high of $216.18. The firm has a market capitalization of $7.84 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The business’s fifty day moving average price is $167.56 and its 200 day moving average price is $182.97.

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

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently added to or reduced their stakes in FIVE. Capital World Investors raised its stake in shares of Five Below by 2.5% during the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after buying an additional 58,883 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Five Below by 2.1% in the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after acquiring an additional 37,797 shares during the period. Montrusco Bolton Investments Inc. lifted its holdings in Five Below by 34.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock valued at $242,681,000 after acquiring an additional 395,275 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Five Below by 0.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock worth $245,340,000 after purchasing an additional 9,837 shares during the period. Finally, William Blair Investment Management LLC grew its stake in shares of Five Below by 89.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock worth $166,627,000 after purchasing an additional 487,948 shares during the period.

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.