Five Below (NASDAQ:FIVE) Price Target Raised to $96.00

Five Below (NASDAQ:FIVE) had its price target boosted by investment analysts at Citigroup from $85.00 to $96.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s target price would suggest a potential downside of 1.69% from the stock’s current price.

A number of other equities analysts have also commented on FIVE. Truist Financial raised their price objective 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. The Goldman Sachs Group lowered their price target on Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Melius Research began coverage on Five Below in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 price objective for the company. Craig Hallum lifted their target price on Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $98.00 to $75.00 in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.60.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded up $4.95 during midday trading on Monday, reaching $97.65. The company had a trading volume of 613,912 shares, compared to its average volume of 1,468,481. The company has a fifty day simple moving average of $90.45 and a two-hundred day simple moving average of $95.09. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18.

Hedge Funds Weigh In On Five Below

A number of institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Five Below during the third quarter worth approximately $3,282,000. Janney Montgomery Scott LLC raised its stake in Five Below by 72.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock valued at $1,927,000 after purchasing an additional 9,188 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Five Below by 1,842.1% in the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after purchasing an additional 21,368 shares during the period. International Assets Investment Management LLC grew its position in Five Below by 1,379.0% in the 3rd quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after purchasing an additional 15,734 shares during the last quarter. Finally, Algert Global LLC increased its holdings in shares of Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after purchasing an additional 20,266 shares during the period.

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.