Five Below (NASDAQ:FIVE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Five Below (NASDAQ:FIVE) had its target price raised by equities researchers at Wells Fargo & Company from $115.00 to $135.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 12.39% from the company’s current price.

Several other analysts have also weighed in on the stock. Morgan Stanley lifted their target price on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group lowered their target price on Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Guggenheim lifted their target price on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. Craig Hallum raised their price target on Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Telsey Advisory Group raised their price target on Five Below from $95.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.35.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $120.12 on Thursday. The stock has a fifty day moving average of $90.97 and a 200-day moving average of $94.63. 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 $6.61 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period in the prior year, the business posted $0.26 earnings per share. Five Below’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, research analysts forecast that Five Below will post 4.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several institutional investors have recently bought and sold shares of FIVE. State Street Corp lifted its holdings in Five Below by 1.9% during the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after buying an additional 31,520 shares in the last quarter. Riverbridge Partners LLC increased its stake in Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after purchasing an additional 72,020 shares in the last quarter. Geode Capital Management LLC increased its stake in Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares in the last quarter. Finally, Atreides Management LP purchased a new stake in shares of Five Below in the 3rd quarter valued at $68,649,000.

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.