Five Below (NASDAQ:FIVE) Shares Gap Up Following Analyst Upgrade

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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 d├ęcor, and related items, as well as provides storage options for the customers room.

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