Bank of America Raises Five Below (NASDAQ:FIVE) Price Target to $87.00

Five Below (NASDAQ:FIVE) had its target price upped by Bank of America from $75.00 to $87.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Bank of America‘s price target points to a potential upside of 10.21% from the stock’s current price.

A number of other equities analysts have also recently weighed in on FIVE. Morgan Stanley cut shares of Five Below from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $160.00 to $100.00 in a research report on Wednesday, July 17th. Loop Capital decreased their price objective on shares of Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, June 7th. Gordon Haskett cut shares of Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Evercore ISI cut shares of Five Below from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $160.00 to $113.00 in a research report on Wednesday, July 17th. Finally, Telsey Advisory Group reduced their price target on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $111.89.

Five Below Trading Down 4.3 %

Shares of NASDAQ FIVE opened at $78.94 on Thursday. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18. The company has a market cap of $4.35 billion, a P/E ratio of 14.84, a P/E/G ratio of 0.87 and a beta of 1.19. The stock has a fifty day moving average price of $86.51 and a 200 day moving average price of $135.14.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. On average, sell-side analysts forecast that Five Below will post 4.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

Several institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Five Below in the first quarter valued at approximately $28,000. Partnership Wealth Management LLC increased its stake in shares of Five Below by 2,000.0% in the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Quest Partners LLC acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $37,000. Finally, Parallel Advisors LLC increased its stake in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 82 shares during the period.

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.