Five Below, Inc. (NASDAQ:FIVE) Given Average Rating of “Moderate Buy” by Brokerages

Five Below, Inc. (NASDAQ:FIVE) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $212.83.

A number of equities analysts have recently weighed in on FIVE shares. Truist Financial dropped their price objective on Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Telsey Advisory Group dropped their price target on Five Below from $230.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. Wells Fargo & Company reduced their price objective on shares of Five Below from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 21st. Gordon Haskett lowered shares of Five Below from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Finally, UBS Group cut their target price on shares of Five Below from $270.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, March 21st.

Institutional Investors Weigh In On Five Below

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIVE. Sunbelt Securities Inc. increased its position in shares of Five Below by 76.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Five Below in the 4th quarter worth about $26,000. Rise Advisors LLC purchased a new position in shares of Five Below during the 1st quarter worth about $28,000. Canada Pension Plan Investment Board boosted its stake in shares of Five Below by 93.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 93 shares during the period. Finally, Planned Solutions Inc. bought a new position in Five Below during the 4th quarter valued at about $34,000.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $150.29 on Friday. The company has a market capitalization of $8.30 billion, a P/E ratio of 27.73, a P/E/G ratio of 1.22 and a beta of 1.19. Five Below has a 1-year low of $144.57 and a 1-year high of $216.18. The firm’s 50 day simple moving average is $184.23 and its two-hundred day simple moving average is $185.61.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.07 earnings per share. On average, sell-side analysts anticipate that Five Below will post 6.06 earnings per share for the current fiscal year.

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.