Five Below (NASDAQ:FIVE) Rating Increased to Hold at StockNews.com

Five Below (NASDAQ:FIVE) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday. William Blair restated a “market perform” rating on shares of Five Below in a report on Monday. Gordon Haskett upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 7th. Mizuho restated a “neutral” rating and issued a $85.00 target price on shares of Five Below in a research note on Thursday, October 3rd. Finally, Evercore ISI increased their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Five Below currently has a consensus rating of “Hold” and a consensus price target of $114.35.

Five Below Trading Up 10.5 %

NASDAQ FIVE traded up $11.00 during mid-day trading on Thursday, hitting $115.97. The company’s stock had a trading volume of 7,267,239 shares, compared to its average volume of 1,518,641. The company’s 50 day simple moving average is $90.97 and its 200 day simple moving average is $94.63. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 1.14 and a beta of 1.18.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIVE. Atreides Management LP bought a new position in shares of Five Below in the third quarter valued at approximately $68,649,000. Point72 Asset Management L.P. lifted its stake in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares in the last quarter. Two Sigma Advisers LP bought a new position in Five Below in the 3rd quarter valued at $64,981,000. Holocene Advisors LP bought a new position in Five Below in the 3rd quarter valued at $38,829,000. Finally, Wellington Management Group LLP grew its position in shares of Five Below by 1,042.4% during the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after purchasing an additional 356,776 shares in the last quarter.

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.