Citigroup Lowers Five Below (NASDAQ:FIVE) Price Target to $185.00

Five Below (NASDAQ:FIVEGet Free Report) had its target price decreased by investment analysts at Citigroup from $210.00 to $185.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Citigroup’s target price points to a potential upside of 37.33% from the company’s previous close.

FIVE has been the topic of several other research reports. Truist Financial dropped their target price on shares of Five Below from $204.00 to $176.00 and set a “buy” rating on the stock in a research note on Tuesday. Craig Hallum reduced their price objective on shares of Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday, March 21st. Mizuho began coverage on shares of Five Below in a research report on Tuesday, March 19th. They set a “buy” rating and a $225.00 price objective for the company. Morgan Stanley lowered their target price on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. Finally, Barclays cut their target price on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.44.

View Our Latest Research Report on Five Below

Five Below Trading Up 2.3 %

Shares of NASDAQ FIVE opened at $134.71 on Wednesday. The firm’s 50-day moving average price is $150.98 and its 200-day moving average price is $179.41. Five Below has a 1-year low of $128.64 and a 1-year high of $216.18. The firm has a market capitalization of $7.44 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.07 and a beta of 1.21.

Five Below (NASDAQ:FIVEGet Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the company posted $3.07 earnings per share. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Equities research analysts forecast that Five Below will post 6.03 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FIVE. Price T Rowe Associates Inc. MD grew its holdings in shares of Five Below by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock worth $689,165,000 after purchasing an additional 38,419 shares during the period. Capital World Investors boosted its stake in shares of Five Below by 2.5% during the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after buying an additional 58,883 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Five Below by 2.1% during the 1st quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after buying an additional 37,797 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its stake in shares of Five Below by 34.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock valued at $242,681,000 after buying an additional 395,275 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of Five Below by 0.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock valued at $245,340,000 after acquiring an additional 9,837 shares in the last quarter.

About Five Below

(Get Free Report)

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 d├ęcor, accent furniture, and related items, as well as provides storage options.

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