Craig Hallum Increases Five Below (NASDAQ:FIVE) Price Target to $125.00

Five Below (NASDAQ:FIVE) had its target price boosted by equities researchers at Craig Hallum from $102.00 to $125.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Craig Hallum’s price objective indicates a potential upside of 39.28% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup lowered their price objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Barclays downgraded Five Below from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $176.00 to $90.00 in a report on Wednesday, July 17th. JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and raised their price target for the company from $89.00 to $95.00 in a research note on Thursday, September 19th. Morgan Stanley lowered Five Below from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $160.00 to $100.00 in a report on Wednesday, July 17th. Finally, Telsey Advisory Group dropped their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $111.15.

Five Below Stock Performance

NASDAQ:FIVE opened at $89.75 on Wednesday. The stock has a 50-day simple moving average of $80.84 and a 200 day simple moving average of $116.03. Five Below has a one year low of $64.87 and a one year high of $216.18. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, equities research analysts forecast that Five Below will post 4.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

Several institutional investors and hedge funds have recently modified their holdings of FIVE. SG Americas Securities LLC acquired a new stake in shares of Five Below in the third quarter worth about $501,000. Mattson Financial Services LLC bought a new stake in Five Below during the second quarter worth approximately $322,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Five Below during the second quarter valued at approximately $111,000. Sanctuary Advisors LLC bought a new position in shares of Five Below in the second quarter valued at approximately $1,291,000. Finally, Brown Financial Advisors acquired a new stake in shares of Five Below in the second quarter worth $222,000.

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.