Five Below (NASDAQ:FIVE) PT Lowered to $165.00

Five Below (NASDAQ:FIVEGet Free Report) had its price objective reduced by stock analysts at Guggenheim from $230.00 to $165.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s target price suggests a potential upside of 39.25% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Gordon Haskett cut Five Below from a “buy” rating to an “accumulate” rating and lowered their price objective for the stock from $210.00 to $200.00 in a report on Wednesday, April 3rd. Truist Financial lowered their price objective on Five Below from $204.00 to $176.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. Citigroup lowered their price objective on Five Below from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Evercore ISI lowered their price objective on Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Craig Hallum lowered their target price on Five Below from $187.00 to $124.00 and set a “hold” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.33.

Get Our Latest Analysis on Five Below

Five Below Stock Down 0.2 %

Shares of Five Below stock opened at $118.49 on Thursday. Five Below has a twelve month low of $106.21 and a twelve month high of $216.18. The business has a 50-day moving average price of $146.58 and a 200 day moving average price of $177.80. The firm has a market cap of $6.55 billion, a PE ratio of 22.27, a P/E/G ratio of 1.07 and a beta of 1.17.

Five Below (NASDAQ:FIVEGet Free Report) last posted its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a return on equity of 20.21% and a net margin of 8.10%. The firm had revenue of $811.86 million during the quarter, compared to analyst estimates of $834.29 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts expect that Five Below will post 6.01 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in Five Below by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after purchasing an additional 38,419 shares during the period. Capital World Investors raised its position in Five Below by 2.5% in the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after purchasing an additional 58,883 shares during the period. Wasatch Advisors LP raised its position in Five Below by 2.1% in the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock valued at $340,278,000 after purchasing an additional 37,797 shares during the period. Artisan Partners Limited Partnership raised its position in Five Below by 0.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock valued at $245,340,000 after purchasing an additional 9,837 shares during the period. Finally, William Blair Investment Management LLC raised its position in Five Below by 89.1% in the third quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock valued at $166,627,000 after purchasing an additional 487,948 shares during the period.

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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