Five Below (FIVE) Given New $78.00 Price Target at Buckingham Research

Five Below (NASDAQ:FIVE) had its price target cut by stock analysts at Buckingham Research from $81.00 to $78.00 in a report issued on Tuesday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Buckingham Research’s price target would indicate a potential upside of 13.59% from the stock’s current price.

FIVE has been the topic of several other research reports. Jefferies Group reiterated a “buy” rating and issued a $85.00 price objective on shares of Five Below in a report on Monday, January 8th. MKM Partners boosted their price objective on Five Below from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Barclays reiterated a “hold” rating and issued a $60.00 price objective on shares of Five Below in a report on Sunday, December 3rd. UBS boosted their price objective on Five Below from $52.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, December 1st. Finally, Gordon Haskett upgraded Five Below from a “hold” rating to an “accumulate” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $65.15.

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Five Below (NASDAQ FIVE) traded down $0.38 during mid-day trading on Tuesday, hitting $68.67. The company had a trading volume of 300,614 shares, compared to its average volume of 1,029,261. The stock has a market cap of $3,809.01, a P/E ratio of 44.77, a PEG ratio of 0.99 and a beta of 0.62. Five Below has a 52-week low of $37.85 and a 52-week high of $73.55.

A number of hedge funds and other institutional investors have recently modified their holdings of FIVE. Nationwide Fund Advisors increased its holdings in Five Below by 28.8% during the 3rd quarter. Nationwide Fund Advisors now owns 164,290 shares of the specialty retailer’s stock worth $9,016,000 after purchasing an additional 36,733 shares during the period. First Trust Advisors LP boosted its position in shares of Five Below by 59.4% during the 3rd quarter. First Trust Advisors LP now owns 39,346 shares of the specialty retailer’s stock worth $2,159,000 after acquiring an additional 14,661 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Five Below during the 3rd quarter worth about $972,000. Prudential Financial Inc. boosted its position in shares of Five Below by 3.2% during the 3rd quarter. Prudential Financial Inc. now owns 181,570 shares of the specialty retailer’s stock worth $9,964,000 after acquiring an additional 5,640 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Five Below by 33.0% during the 3rd quarter. Sei Investments Co. now owns 32,181 shares of the specialty retailer’s stock worth $1,766,000 after acquiring an additional 7,993 shares in the last quarter.

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Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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