Five Below (NASDAQ:FIVE) Given New $155.00 Price Target at Telsey Advisory Group

Five Below (NASDAQ:FIVEFree Report) had its price target lowered by Telsey Advisory Group from $220.00 to $155.00 in a report issued on Thursday, Marketbeat reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

Other equities research analysts also recently issued reports about the company. UBS Group decreased their price objective on Five Below from $270.00 to $245.00 and set a buy rating on the stock in a research report on Thursday, March 21st. Evercore ISI decreased their price objective on Five Below from $230.00 to $225.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. Morgan Stanley decreased their price objective on Five Below from $225.00 to $210.00 and set an overweight rating on the stock in a research report on Thursday, March 21st. Truist Financial decreased their price objective on Five Below from $204.00 to $176.00 and set a buy rating on the stock in a research report on Tuesday, May 28th. Finally, Craig Hallum decreased their price objective on Five Below from $195.00 to $187.00 and set a hold rating on the stock in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Five Below currently has an average rating of Moderate Buy and an average target price of $178.39.

Get Our Latest Research Report on Five Below

Five Below Trading Down 10.6 %

Shares of Five Below stock opened at $118.72 on Thursday. The stock has a 50 day moving average of $147.83 and a 200 day moving average of $178.21. Five Below has a 12 month low of $106.21 and a 12 month high of $216.18. The firm has a market cap of $6.56 billion, a PE ratio of 21.90, a PEG ratio of 1.11 and a beta of 1.17.

Five Below (NASDAQ:FIVEGet Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. During the same period in the previous year, the company posted $0.67 earnings per share. Five Below’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that Five Below will post 6.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its position in Five Below by 33.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,251 shares of the specialty retailer’s stock valued at $3,693,000 after acquiring an additional 5,054 shares in the last quarter. Cetera Advisors LLC boosted its position in Five Below by 127.8% during the 1st quarter. Cetera Advisors LLC now owns 4,585 shares of the specialty retailer’s stock valued at $832,000 after acquiring an additional 2,572 shares in the last quarter. Cetera Investment Advisers boosted its position in Five Below by 1,842.1% during the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after acquiring an additional 21,368 shares in the last quarter. LRI Investments LLC bought a new stake in Five Below during the 1st quarter valued at $38,000. Finally, Comerica Bank boosted its position in Five Below by 2.9% during the 1st quarter. Comerica Bank now owns 98,260 shares of the specialty retailer’s stock valued at $17,822,000 after acquiring an additional 2,804 shares in the last quarter.

Five Below Company Profile

(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 décor, accent furniture, and related items, as well as provides storage options.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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