Five Below (NASDAQ:FIVE) Given New $85.00 Price Target at Citigroup

Five Below (NASDAQ:FIVE) had its price objective dropped by stock analysts at Citigroup from $92.00 to $85.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Citigroup’s target price indicates a potential upside of 5.83% from the company’s current price.

A number of other equities analysts also recently commented on the company. KeyCorp lowered their price objective 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. William Blair downgraded Five Below from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Guggenheim reduced their price target on shares of Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Mizuho downgraded shares of Five Below from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $150.00 to $85.00 in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Five Below from $122.00 to $87.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $113.37.

Five Below Stock Performance

Shares of FIVE traded up $3.01 during mid-day trading on Wednesday, hitting $80.32. 733,409 shares of the company’s stock were exchanged, compared to its average volume of 1,328,208. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The stock’s 50-day moving average is $90.44 and its 200-day moving average is $139.12. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last posted its quarterly 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). The business had revenue of $811.86 million during the quarter, compared to analyst estimates of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. As a group, equities research analysts anticipate that Five Below will post 4.89 EPS for the current year.

Institutional Trading of Five Below

Several hedge funds and other institutional investors have recently made changes to their positions in FIVE. Price T Rowe Associates Inc. MD increased its holdings in Five Below by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after buying an additional 38,419 shares in the last quarter. Capital World Investors increased its stake in Five Below by 2.5% in the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after purchasing an additional 58,883 shares in the last quarter. Wasatch Advisors LP raised its holdings in Five Below by 2.1% during the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock worth $340,278,000 after purchasing an additional 37,797 shares during the last quarter. Riverbridge Partners LLC boosted its position in Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Five Below by 0.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock worth $245,340,000 after purchasing an additional 9,837 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.