Five Below (NASDAQ:FIVE) Given New $140.00 Price Target at Guggenheim

Five Below (NASDAQ:FIVE) had its price objective raised by Guggenheim from $125.00 to $140.00 in a report published on Thursday morning,Benzinga reports. Guggenheim currently has a buy rating on the specialty retailer’s stock.

Several other analysts also recently commented on FIVE. Evercore ISI upped their price objective on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Citigroup upped their target price on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday. UBS Group decreased their price target on Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $114.35.

Five Below Stock Up 10.5 %

Shares of Five Below stock opened at $115.97 on Thursday. The firm has a market capitalization of $6.38 billion, a P/E ratio of 22.83, a PEG ratio of 1.14 and a beta of 1.18. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The company has a 50 day moving average price of $91.39 and a 200 day moving average price of $94.78.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating 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 firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same period in the previous year, the company earned $0.26 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, research analysts anticipate that Five Below will post 4.56 earnings per share for the current fiscal year.

Institutional Trading of Five Below

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in Five Below in the 3rd quarter valued at $42,000. Teachers Retirement System of The State of Kentucky grew its position in Five Below by 52.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock worth $2,401,000 after acquiring an additional 9,336 shares during the period. Geode Capital Management LLC raised its position in Five Below by 1.2% in the third 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 during the period. Prestige Wealth Management Group LLC acquired a new position in shares of Five Below in the 3rd quarter valued at $522,000. Finally, Bullseye Asset Management LLC grew its holdings in shares of Five Below by 9.4% during the 3rd quarter. Bullseye Asset Management LLC now owns 35,007 shares of the specialty retailer’s stock worth $3,093,000 after purchasing an additional 3,000 shares during the period.

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.