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.
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.
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.
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