Five Below (NASDAQ:FIVE) Upgraded to Buy at Gordon Haskett

Five Below (NASDAQ:FIVE) was upgraded by Gordon Haskett from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $120.00 price target on the specialty retailer’s stock. Gordon Haskett’s price target would indicate a potential upside of 31.55% from the stock’s previous close.

Several other research firms also recently commented on FIVE. UBS Group dropped their price objective on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Barclays cut shares of Five Below from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $176.00 to $90.00 in a research report on Wednesday, July 17th. Telsey Advisory Group reduced their target price on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. cut shares of Five Below from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. Finally, Truist Financial increased their price target on shares of Five Below from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, twelve 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 a consensus target price of $106.40.

Five Below Trading Up 8.1 %

FIVE traded up $6.80 during trading hours on Thursday, hitting $91.22. The company’s stock had a trading volume of 2,472,897 shares, compared to its average volume of 1,448,459. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.05 and a beta of 1.20. The business’s 50-day moving average price is $90.22 and its 200-day moving average price is $102.27.

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

Institutional Trading of Five Below

Several hedge funds and other institutional investors have recently modified their holdings of FIVE. BNP Paribas Financial Markets lifted its holdings in shares of Five Below by 30.4% during the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock valued at $2,462,000 after buying an additional 3,166 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Five Below by 1,842.1% in the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after purchasing an additional 21,368 shares in the last quarter. Quadrature Capital Ltd bought a new position in Five Below during the first quarter valued at about $2,656,000. International Assets Investment Management LLC lifted its position in shares of Five Below by 1,379.0% in the third quarter. International Assets Investment Management LLC now owns 16,875 shares of the specialty retailer’s stock worth $1,491,000 after buying an additional 15,734 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Five Below by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock worth $689,165,000 after acquiring an additional 38,419 shares in the last quarter.

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.