Five Below (NASDAQ:FIVE) Trading 5.2% Higher on Analyst Upgrade

Five Below, Inc. (NASDAQ:FIVE) shares rose 5.2% during trading on Monday after Citigroup raised their price target on the stock from $85.00 to $96.00. Citigroup currently has a neutral rating on the stock. Five Below traded as high as $98.10 and last traded at $97.52. Approximately 483,842 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,467,387 shares. The stock had previously closed at $92.70.

Several other equities analysts have also recently weighed in on FIVE. Mizuho reaffirmed a “neutral” rating and issued a $85.00 price target on shares of Five Below in a research report on Thursday, October 3rd. Gordon Haskett raised Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Thursday, November 7th. Truist Financial raised their price objective on Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $89.00 to $95.00 in a research note on Thursday, September 19th. Finally, Evercore ISI lifted their target price on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of “Hold” and an average price target of $106.60.

Institutional Trading of Five Below

A number of institutional investors have recently added to or reduced their stakes in FIVE. Paladin Wealth LLC purchased a new stake in shares of Five Below in the third quarter worth about $26,000. Brooklyn Investment Group purchased a new position in shares of Five Below during the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Five Below in the third quarter worth $42,000. Hobbs Group Advisors LLC bought a new position in shares of Five Below in the second quarter worth $44,000. Finally, Partnership Wealth Management LLC raised its position in shares of Five Below by 63.5% in the third quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares in the last quarter.

Five Below Stock Up 4.9 %

The firm has a market capitalization of $5.35 billion, a PE ratio of 19.14, a PEG ratio of 1.02 and a beta of 1.20. The company has a 50-day moving average of $90.45 and a 200 day moving average of $95.09.

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.