Citigroup Raises Five Below (NASDAQ:FIVE) Price Target to $186.00

Five Below (NASDAQ:FIVE – Get Rating) had its target price hoisted by Citigroup from $170.00 to $186.00 in a research note issued to investors on Monday morning, The Fly reports.

FIVE has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on Five Below from $159.00 to $184.00 and gave the stock an overweight rating in a research report on Monday, October 31st. Telsey Advisory Group reduced their price objective on Five Below from $158.00 to $150.00 and set an outperform rating for the company in a research report on Thursday, September 1st. StockNews.com began coverage on Five Below in a research report on Wednesday, October 12th. They issued a sell rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Five Below from $204.00 to $205.00 and gave the stock a buy rating in a research report on Thursday, September 1st. Finally, KeyCorp reduced their price objective on Five Below from $190.00 to $172.00 and set an overweight rating for the company in a research report on Thursday, September 1st. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of Moderate Buy and an average price target of $184.00.

Five Below Stock Up 16.5 %

FIVE opened at $187.48 on Monday. The firm has a market capitalization of $10.41 billion, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. The stock’s 50 day moving average price is $146.88 and its two-hundred day moving average price is $135.09. Five Below has a 12-month low of $109.49 and a 12-month high of $214.50.

Five Below (NASDAQ:FIVE – Get Rating) last released its earnings results on Wednesday, August 31st. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The business had revenue of $668.93 million during the quarter, compared to analyst estimates of $681.30 million. Five Below had a net margin of 8.19% and a return on equity of 21.52%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.15 EPS. As a group, analysts anticipate that Five Below will post 4.44 earnings per share for the current year.

Insider Buying and Selling at Five Below

In other news, Director Zuhairah Scott Washington sold 550 shares of Five Below stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $140.00, for a total value of $77,000.00. Following the completion of the sale, the director now directly owns 2,340 shares of the company’s stock, valued at approximately $327,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of Five Below by 25.1% in the 2nd quarter. FMR LLC now owns 7,061,002 shares of the specialty retailer’s stock valued at $800,929,000 after buying an additional 1,415,117 shares during the period. BlackRock Inc. grew its stake in shares of Five Below by 0.3% during the third quarter. BlackRock Inc. now owns 4,623,241 shares of the specialty retailer’s stock worth $636,482,000 after purchasing an additional 13,523 shares during the period. Wasatch Advisors Inc. grew its stake in shares of Five Below by 21.4% during the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after purchasing an additional 471,349 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Five Below by 4.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,215,792 shares of the specialty retailer’s stock worth $251,337,000 after purchasing an additional 97,132 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Five Below by 63.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,661,903 shares of the specialty retailer’s stock worth $228,795,000 after purchasing an additional 644,271 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Five Below Company Profile

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Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.