Evercore ISI Increases Five Below (NASDAQ:FIVE) Price Target to $104.00

Five Below (NASDAQ:FIVE) had its price objective increased by analysts at Evercore ISI from $100.00 to $104.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s price objective indicates a potential upside of 17.59% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on FIVE. Telsey Advisory Group cut their price objective on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Gordon Haskett cut Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 24th. Mizuho reiterated a “neutral” rating and issued a $85.00 price objective on shares of Five Below in a report on Thursday, October 3rd. Guggenheim dropped their target price on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, William Blair cut Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Five Below currently has an average rating of “Hold” and an average target price of $111.60.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $88.44 on Tuesday. The firm has a fifty day moving average of $87.45 and a 200 day moving average of $106.89. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18. The firm has a market capitalization of $4.87 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, sell-side analysts forecast that Five Below will post 4.55 EPS for the current fiscal year.

Institutional Trading of Five Below

Institutional investors and hedge funds have recently bought and sold shares of the stock. McClarren Financial Advisors Inc. raised its position in shares of Five Below by 18,100.0% in the 1st quarter. McClarren Financial Advisors Inc. now owns 182 shares of the specialty retailer’s stock worth $330,000 after acquiring an additional 181 shares in the last quarter. LRI Investments LLC bought a new position in Five Below in the first quarter worth $38,000. Paladin Wealth LLC purchased a new position in Five Below during the third quarter valued at $26,000. Partnership Wealth Management LLC boosted its holdings in shares of Five Below by 2,000.0% during the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 300 shares in the last quarter. Finally, Natixis purchased a new stake in shares of Five Below in the 1st quarter worth about $73,000.

Five Below Company Profile

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.