Five Below (NASDAQ:FIVE) Trading Up 7% – Time to Buy?

Shares of Five Below, Inc. (NASDAQ:FIVE) were up 7% during mid-day trading on Monday . The stock traded as high as $92.98 and last traded at $92.98. Approximately 291,829 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,462,438 shares. The stock had previously closed at $86.92.

Analysts Set New Price Targets

A number of research analysts have issued reports on FIVE shares. Evercore ISI boosted their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Bank of America downgraded shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $98.00 to $75.00 in a report on Wednesday, November 6th. The Goldman Sachs Group cut their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Truist Financial increased their target price on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $106.05.

Five Below Stock Down 3.0 %

The stock’s 50-day moving average price is $91.01 and its 200 day moving average price is $96.46. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.01 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The company had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. On average, sell-side analysts anticipate that Five Below, Inc. will post 4.57 earnings per share for the current year.

Institutional Investors Weigh In On Five Below

A number of large investors have recently made changes to their positions in FIVE. State Street Corp boosted its stake in Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after buying an additional 31,520 shares during the last quarter. Riverbridge Partners LLC raised its holdings in shares of Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after acquiring an additional 72,020 shares during the period. Geode Capital Management LLC boosted its position in shares of Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after acquiring an additional 11,504 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the period. Finally, Atreides Management LP acquired a new stake in Five Below during the third quarter worth about $68,649,000.

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.