Citigroup Issues Positive Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price objective boosted by Citigroup from $85.00 to $96.00 in a report released on Monday,Benzinga reports. The firm currently has a neutral rating on the specialty retailer’s stock.

Other analysts have also recently issued reports about the company. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Telsey Advisory Group downgraded shares of Five Below from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $102.00 to $95.00 in a research report on Monday, November 25th. Evercore ISI boosted their price objective on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Thursday, November 7th. Finally, UBS Group cut their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.60.

Five Below Trading Up 7.0 %

NASDAQ:FIVE opened at $99.20 on Monday. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18. The stock has a 50-day moving average price of $90.45 and a two-hundred day moving average price of $95.09. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.02 and a beta of 1.20.

Hedge Funds Weigh In On Five Below

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp grew its position in Five Below by 12.0% during the second quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after buying an additional 147 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Five Below by 9.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after purchasing an additional 180 shares in the last quarter. Peloton Wealth Strategists increased its position in shares of Five Below by 3.0% in the second quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after purchasing an additional 200 shares during the period. Partnership Wealth Management LLC raised its stake in Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Five Below by 2.0% in the second quarter. Arizona State Retirement System now owns 15,464 shares of the specialty retailer’s stock valued at $1,685,000 after purchasing an additional 296 shares in 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.