Five Below Inc (NASDAQ:FIVE) has received a consensus rating of “Buy” from the twenty research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $139.41.
FIVE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Five Below from $140.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Royal Bank of Canada raised their price target on shares of Five Below from $126.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. BidaskClub raised shares of Five Below from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. UBS Group lowered their price target on shares of Five Below from $132.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Finally, Barclays reaffirmed a “neutral” rating on shares of Five Below in a report on Friday, August 30th.
Shares of FIVE stock traded up $1.95 on Thursday, reaching $135.12. 50,262 shares of the stock were exchanged, compared to its average volume of 1,082,194. The company has a current ratio of 1.98, a quick ratio of 1.09 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average price is $116.67 and its 200 day moving average price is $125.10. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.64 and a beta of 0.59. Five Below has a twelve month low of $86.57 and a twelve month high of $148.21.
A number of hedge funds have recently made changes to their positions in FIVE. Winslow Capital Management LLC acquired a new position in shares of Five Below in the 2nd quarter worth approximately $176,413,000. FMR LLC increased its position in shares of Five Below by 96.6% in the first quarter. FMR LLC now owns 2,471,352 shares of the specialty retailer’s stock worth $307,065,000 after acquiring an additional 1,214,030 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Five Below in the second quarter worth approximately $66,875,000. Nuveen Asset Management LLC increased its position in shares of Five Below by 14,633.0% in the second quarter. Nuveen Asset Management LLC now owns 318,381 shares of the specialty retailer’s stock worth $38,213,000 after acquiring an additional 316,220 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its position in shares of Five Below by 1,792.8% in the second quarter. Marshall Wace North America L.P. now owns 268,423 shares of the specialty retailer’s stock worth $32,216,000 after acquiring an additional 254,242 shares in the last quarter. 97.83% of the stock is owned by institutional investors.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty 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, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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