Five Below, Inc. (NASDAQ:FIVE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Five Below, Inc. (NASDAQ:FIVE) have received a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, Marketbeat reports. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $109.63.

Several analysts recently commented on FIVE shares. Loop Capital reduced their price target on shares of Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, June 7th. Wells Fargo & Company reduced their price target on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Barclays downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $176.00 to $90.00 in a research report on Wednesday, July 17th. StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a research note on Saturday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $79.00 price objective (down from $155.00) on shares of Five Below in a research note on Thursday, July 18th.

Institutional Investors Weigh In On Five Below

Several institutional investors and hedge funds have recently made changes to their positions in FIVE. V Square Quantitative Management LLC purchased a new stake in shares of Five Below in the 4th quarter worth about $26,000. Rise Advisors LLC purchased a new stake in shares of Five Below in the 1st quarter worth about $28,000. Partnership Wealth Management LLC boosted its position in shares of Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after buying an additional 300 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Five Below in the 4th quarter worth about $37,000. Finally, Parallel Advisors LLC boosted its position in shares of Five Below by 86.3% in the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after buying an additional 82 shares in the last quarter.

Five Below Trading Up 2.4 %

Shares of NASDAQ:FIVE opened at $98.92 on Tuesday. The firm has a 50 day simple moving average of $79.62 and a 200-day simple moving average of $124.74. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The company has a market capitalization of $5.45 billion, a PE ratio of 18.59, a P/E/G ratio of 0.99 and a beta of 1.21.

About Five Below

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.