Loop Capital Raises Five Below (NASDAQ:FIVE) Price Target to $120.00

Five Below (NASDAQ:FIVE) had its target price hoisted by stock analysts at Loop Capital from $90.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price target indicates a potential upside of 3.16% from the company’s current price.

A number of other research firms have also issued reports on FIVE. Melius Research initiated coverage on Five Below in a research report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target for the company. Wells Fargo & Company raised their target price on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday, November 7th. Citigroup increased their price target on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Truist Financial lifted their price target on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and a consensus price target of $114.35.

Five Below Stock Performance

Shares of FIVE stock traded up $11.35 on Thursday, reaching $116.32. 5,535,817 shares of the company were exchanged, compared to its average volume of 1,510,989. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18. The business has a 50-day moving average price of $90.97 and a 200 day moving average price of $94.63. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.14 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. As a group, equities analysts anticipate that Five Below will post 4.56 earnings per share for the current year.

Hedge Funds Weigh In On Five Below

Hedge funds have recently made changes to their positions in the company. Paladin Wealth LLC purchased a new stake in shares of Five Below in the third quarter valued at about $26,000. Brooklyn Investment Group acquired a new stake in Five Below during the 3rd quarter worth approximately $30,000. Hobbs Group Advisors LLC purchased a new position in shares of Five Below in the 2nd quarter valued at approximately $44,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Five Below in the second quarter valued at approximately $50,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the third quarter worth approximately $42,000.

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.