Five Below (NASDAQ:FIVE) Given New $106.00 Price Target at The Goldman Sachs Group

Five Below (NASDAQ:FIVE) had its price target decreased by The Goldman Sachs Group from $124.00 to $106.00 in a report issued on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the specialty retailer’s stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group decreased their target price on shares of Five Below from $120.00 to $108.00 and set a buy rating on the stock in a research report on Wednesday, August 21st. KeyCorp lowered their price target on Five Below from $165.00 to $115.00 and set an overweight rating for the company in a research report on Wednesday, July 17th. Barclays lowered Five Below from an overweight rating to an equal weight rating and dropped their price target for the stock from $176.00 to $90.00 in a research note on Wednesday, July 17th. Craig Hallum raised Five Below from a hold rating to a buy rating and reduced their price objective for the company from $108.00 to $102.00 in a research note on Thursday. Finally, StockNews.com cut Five Below from a hold rating to a sell rating in a report on Saturday, June 8th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Five Below currently has an average rating of Hold and a consensus target price of $109.63.

Five Below Price Performance

NASDAQ:FIVE opened at $75.43 on Thursday. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18. The firm has a market cap of $4.15 billion, a PE ratio of 14.18, a P/E/G ratio of 1.15 and a beta of 1.19. The firm has a 50 day simple moving average of $85.03 and a 200-day simple moving average of $133.24.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business had revenue of $811.86 million during the quarter, compared to analyst estimates of $834.29 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that Five Below will post 4.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several institutional investors and hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management raised its holdings in Five Below by 3.1% in the fourth quarter. Picton Mahoney Asset Management now owns 2,530 shares of the specialty retailer’s stock valued at $540,000 after acquiring an additional 75 shares in the last quarter. Janney Capital Management LLC raised its stake in Five Below by 3.2% during the fourth quarter. Janney Capital Management LLC now owns 2,419 shares of the specialty retailer’s stock valued at $516,000 after buying an additional 76 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Five Below by 1.7% during the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock worth $959,000 after buying an additional 76 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Five Below by 86.3% in the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Finally, HMS Capital Management LLC increased its holdings in shares of Five Below by 6.2% in the 1st quarter. HMS Capital Management LLC now owns 1,604 shares of the specialty retailer’s stock valued at $291,000 after acquiring an additional 94 shares during the last quarter.

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.