Wall Street Zen upgraded shares of Five Below (NASDAQ:FIVE – Free Report) from a hold rating to a buy rating in a research note issued to investors on Sunday,Wall Street Zen reports.
Several other analysts also recently commented on FIVE. Jefferies Financial Group raised Five Below from a “hold” rating to a “buy” rating and increased their price objective for the stock from $210.00 to $350.00 in a research note on Thursday, August 13th. Barclays cut their target price on Five Below from $240.00 to $224.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Susquehanna downgraded Five Below to a “neutral” rating in a report on Tuesday, July 21st. Evercore set a $215.00 price target on Five Below in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group cut Five Below from a “buy” rating to a “sell” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Five Below currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.45.
Check Out Our Latest Stock Analysis on FIVE
Five Below Price Performance
Five Below (NASDAQ:FIVE – Get Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The specialty retailer reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.45. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Five Below had a net margin of 8.67% and a return on equity of 21.31%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. As a group, equities research analysts anticipate that Five Below will post 9.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Five Below
Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC boosted its position in Five Below by 1.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,264 shares of the specialty retailer’s stock worth $615,000 after purchasing an additional 49 shares during the last quarter. Bessemer Group Inc. grew its stake in Five Below by 26.6% in the 1st quarter. Bessemer Group Inc. now owns 257 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 54 shares during the period. V Square Quantitative Management LLC increased its position in shares of Five Below by 29.6% during the 1st quarter. V Square Quantitative Management LLC now owns 241 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 55 shares during the last quarter. Optimize Financial Inc increased its position in shares of Five Below by 1.4% during the 4th quarter. Optimize Financial Inc now owns 3,948 shares of the specialty retailer’s stock valued at $744,000 after purchasing an additional 56 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in shares of Five Below by 1.6% during the 4th quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock worth $705,000 after purchasing an additional 60 shares during the period.
About Five Below
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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