Five Below (NASDAQ:FIVE) Price Target Raised to $204.00 at UBS Group

Five Below (NASDAQ:FIVE) had its target price increased by UBS Group from $184.00 to $204.00 in a research report released on Friday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

Other equities analysts also recently issued reports about the stock. Mizuho upped their price target on shares of Five Below from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Sanford C. Bernstein started coverage on Five Below in a research report on Wednesday, September 17th. They set a “market perform” rating and a $160.00 price objective for the company. Barclays set a $135.00 target price on Five Below in a research note on Thursday, August 28th. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 target price on shares of Five Below in a research report on Thursday, October 2nd. Finally, Zacks Research raised Five Below from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Five Below has a consensus rating of “Hold” and an average target price of $156.06.

Five Below Price Performance

NASDAQ FIVE opened at $166.00 on Friday. The company has a 50 day simple moving average of $154.28 and a 200-day simple moving average of $139.80. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. Five Below has a 52-week low of $52.38 and a 52-week high of $168.98.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.20. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $988.91 million. Five Below had a net margin of 6.45% and a return on equity of 17.13%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, analysts predict that Five Below will post 4.93 EPS for the current year.

Institutional Trading of Five Below

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in Five Below by 6.2% during the first quarter. Victory Capital Management Inc. now owns 10,949 shares of the specialty retailer’s stock worth $820,000 after purchasing an additional 644 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Five Below during the 1st quarter worth about $412,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Five Below by 4.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,734 shares of the specialty retailer’s stock worth $1,179,000 after buying an additional 729 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Five Below by 7.5% in the 1st quarter. LPL Financial LLC now owns 71,226 shares of the specialty retailer’s stock valued at $5,337,000 after acquiring an additional 5,000 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Five Below in the first quarter valued at about $1,248,000.

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