Five Below Inc (NASDAQ:FIVE)’s share price gapped up prior to trading on Thursday after Morgan Stanley raised their price target on the stock from $75.00 to $125.00. The stock had previously closed at $110.58, but opened at $113.67. Morgan Stanley currently has an overweight rating on the stock. Five Below shares last traded at $106.38, with a volume of 69,573 shares.
Several other equities analysts have also issued reports on FIVE. Telsey Advisory Group upped their target price on Five Below from $68.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Goldman Sachs Group started coverage on Five Below in a report on Monday, May 18th. They issued a “neutral” rating and a $89.00 target price for the company. JPMorgan Chase & Co. upped their target price on Five Below from $103.00 to $123.00 in a report on Wednesday. Citigroup upped their target price on Five Below from $95.00 to $130.00 in a report on Wednesday. Finally, UBS Group upped their target price on Five Below from $104.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $118.00.
Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of Five Below by 21.9% in the fourth quarter. Franklin Resources Inc. now owns 535,205 shares of the specialty retailer’s stock worth $68,432,000 after acquiring an additional 96,243 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Five Below by 103.5% in the fourth quarter. Alliancebernstein L.P. now owns 3,148,471 shares of the specialty retailer’s stock worth $402,564,000 after acquiring an additional 1,600,943 shares during the period. Comerica Bank boosted its holdings in shares of Five Below by 6.4% in the fourth quarter. Comerica Bank now owns 45,132 shares of the specialty retailer’s stock worth $5,295,000 after acquiring an additional 2,700 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Five Below by 141.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the specialty retailer’s stock worth $394,000 after acquiring an additional 1,807 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new position in shares of Five Below in the first quarter worth $13,067,000.
The stock has a fifty day moving average price of $93.96 and a 200 day moving average price of $102.41. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 0.97. The stock has a market capitalization of $6.34 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 2.74 and a beta of 1.16.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Tuesday, June 9th. The specialty retailer reported ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.56). Five Below had a return on equity of 24.91% and a net margin of 9.48%. The company had revenue of $200.90 million during the quarter, compared to the consensus estimate of $230.89 million. During the same period in the previous year, the business earned $0.35 earnings per share. Five Below’s revenue was down 44.9% on a year-over-year basis. Research analysts anticipate that Five Below Inc will post 2.15 earnings per share for the current year.
Five Below Company Profile (NASDAQ:FIVE)
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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