Five Below (NASDAQ:FIVE) had its target price reduced by equities research analysts at UBS Group from $132.00 to $124.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. UBS Group’s target price would indicate a potential upside of 5.77% from the company’s previous close.

A number of other brokerages have also recently commented on FIVE. Credit Suisse Group upped their price target on Five Below from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. BidaskClub cut Five Below from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $128.00 to $140.00 in a research report on Monday, May 6th. They noted that the move was a valuation call. Finally, Morgan Stanley started coverage on Five Below in a research report on Monday, July 1st. They set an “overweight” rating and a $135.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Five Below has a consensus rating of “Buy” and an average target price of $134.44.

Shares of NASDAQ:FIVE opened at $117.24 on Tuesday. The company has a market capitalization of $6.51 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 1.40 and a beta of 0.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05. The business has a fifty day moving average price of $118.40 and a two-hundred day moving average price of $125.70. Five Below has a 1 year low of $86.57 and a 1 year high of $148.21.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Five Below had a return on equity of 25.21% and a net margin of 9.43%. The firm had revenue of $364.76 million during the quarter, compared to the consensus estimate of $362.28 million. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Sell-side analysts anticipate that Five Below will post 3.06 earnings per share for the current year.

In related news, CFO Kenneth R. Bull sold 7,103 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total transaction of $924,313.39. Following the sale, the chief financial officer now owns 79,227 shares of the company’s stock, valued at approximately $10,309,809.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Five Below by 96.6% in the 1st quarter. FMR LLC now owns 2,471,352 shares of the specialty retailer’s stock valued at $307,065,000 after acquiring an additional 1,214,030 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Five Below in the 2nd quarter valued at about $176,413,000. Wells Fargo & Company MN raised its holdings in shares of Five Below by 16.1% in the 2nd quarter. Wells Fargo & Company MN now owns 910,199 shares of the specialty retailer’s stock valued at $109,241,000 after acquiring an additional 126,033 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Five Below by 13.8% in the 2nd quarter. Invesco Ltd. now owns 874,474 shares of the specialty retailer’s stock valued at $104,954,000 after acquiring an additional 105,764 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Five Below by 46.6% in the 2nd quarter. Jennison Associates LLC now owns 748,675 shares of the specialty retailer’s stock valued at $89,856,000 after acquiring an additional 238,106 shares in the last quarter. 95.41% of the stock is currently owned by institutional investors and hedge funds.

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

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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