Five Below (NASDAQ:FIVE) Research Coverage Started at Melius Research

Melius Research initiated coverage on shares of Five Below (NASDAQ:FIVE) in a research report released on Monday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $100.00 price target on the specialty retailer’s stock.

FIVE has been the subject of several other research reports. Wells Fargo & Company reduced their price objective on shares of Five Below from $145.00 to $115.00 and set an overweight rating for the company in a research note on Wednesday, July 17th. Mizuho lowered Five Below from an outperform rating to a neutral rating and decreased their price objective for the company from $150.00 to $85.00 in a report on Wednesday, July 17th. Morgan Stanley cut Five Below from an overweight rating to an equal weight rating and lowered their price objective for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. Citigroup reduced their target price on Five Below from $92.00 to $85.00 and set a neutral rating on the stock in a research report on Wednesday, August 21st. Finally, Guggenheim lowered their price target on Five Below from $165.00 to $125.00 and set a buy rating for the company in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $110.00.

Five Below Trading Up 4.3 %

Shares of NASDAQ:FIVE opened at $94.98 on Monday. The company has a market capitalization of $5.23 billion, a PE ratio of 17.85, a P/E/G ratio of 1.06 and a beta of 1.21. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18. The business’s fifty day simple moving average is $79.75 and its 200-day simple moving average is $119.83.

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

Hedge Funds Weigh In On Five Below

Several institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. raised its position in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares in the last quarter. Junto Capital Management LP purchased a new position in shares of Five Below during the 4th quarter valued at approximately $73,472,000. Norges Bank purchased a new position in shares of Five Below during the 4th quarter valued at approximately $68,825,000. Marshall Wace LLP lifted its stake in shares of Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Five Below by 39.0% during the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after buying an additional 167,330 shares in 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.