Five Below (NASDAQ:FIVE) Given New $120.00 Price Target at Loop Capital

Five Below (NASDAQ:FIVEFree Report) had its price objective decreased by Loop Capital from $190.00 to $120.00 in a research note released on Friday morning, Benzinga reports. Loop Capital currently has a hold rating on the specialty retailer’s stock.

FIVE has been the subject of a number of other reports. Morgan Stanley reduced their price objective on shares of Five Below from $210.00 to $160.00 and set an overweight rating for the company in a report on Thursday. Telsey Advisory Group dropped their price target on shares of Five Below from $220.00 to $155.00 and set an outperform rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Five Below from $201.00 to $177.00 and set a buy rating on the stock in a research report on Wednesday. Barclays dropped their price target on shares of Five Below from $214.00 to $176.00 and set an overweight rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company dropped their price target on shares of Five Below from $180.00 to $145.00 and set an overweight rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $175.33.

Read Our Latest Stock Analysis on Five Below

Five Below Price Performance

Shares of NASDAQ FIVE opened at $118.49 on Friday. The stock has a market capitalization of $6.55 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.07 and a beta of 1.17. The company has a 50-day moving average price of $146.58 and a 200-day moving average price of $177.80. Five Below has a 1 year low of $106.21 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVEGet Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 20.21%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. As a group, equities research analysts anticipate that Five Below will post 6.01 earnings per share for the current fiscal year.

Institutional Trading of Five Below

Several hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Five Below in the fourth quarter worth about $26,000. Rise Advisors LLC purchased a new position in shares of Five Below in the first quarter worth about $28,000. Planned Solutions Inc. purchased a new position in shares of Five Below in the fourth quarter worth about $34,000. CVA Family Office LLC purchased a new position in shares of Five Below in the fourth quarter worth about $36,000. Finally, Quest Partners LLC purchased a new position in shares of Five Below in the fourth quarter worth about $37,000.

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.

Featured Stories

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.