The Goldman Sachs Group Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE) had its price target lifted by equities research analysts at The Goldman Sachs Group from $106.00 to $122.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 9.20% from the stock’s current price.

FIVE has been the subject of a number of other reports. Telsey Advisory Group upped their target price on Five Below from $95.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Five Below from $83.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Evercore ISI upped their target price on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised Five Below from a “sell” rating to a “hold” rating in a research report on Thursday. Two 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 stock. According to data from MarketBeat, Five Below presently has an average rating of “Hold” and an average target price of $116.15.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $4.25 on Friday, hitting $111.72. 560,638 shares of the company’s stock were exchanged, compared to its average volume of 1,514,284. The firm’s 50-day moving average is $91.39 and its 200 day moving average is $94.78. The company has a market capitalization of $6.15 billion, a PE ratio of 21.99, a P/E/G ratio of 1.14 and a beta of 1.18. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18.

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

Hedge Funds Weigh In On Five Below

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers increased its position in shares of Five Below by 1,842.1% in the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after buying an additional 21,368 shares in the last quarter. Cetera Advisors LLC grew its stake in Five Below by 127.8% in the 1st quarter. Cetera Advisors LLC now owns 4,585 shares of the specialty retailer’s stock valued at $832,000 after acquiring an additional 2,572 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Five Below by 134.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,798 shares of the specialty retailer’s stock valued at $632,000 after acquiring an additional 3,327 shares in the last quarter. Yarbrough Capital LLC raised its position in Five Below by 42.2% during the second quarter. Yarbrough Capital LLC now owns 8,491 shares of the specialty retailer’s stock worth $925,000 after acquiring an additional 2,521 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its holdings in shares of Five Below by 5.5% in the second 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.

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.