Five Below Price Target Increased to $46.00 by Analysts at Credit Suisse (FIVE)
Analysts at Credit Suisse hoisted their price target on shares of Five Below (NASDAQ:FIVE) from $43.00 to $46.00 in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective would indicate a potential downside of 4.35% from the stock’s previous close.
Shares of Five Below (NASDAQ:FIVE) traded up 17.18% on Tuesday, hitting $48.09. 6,126,362 shares of the company’s stock traded hands. Five Below has a one year low of $27.73 and a one year high of $43.04. The stock has a 50-day moving average of $38.49 and a 200-day moving average of $38.. The company’s market cap is $2.598 billion.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Monday, September 9th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $117.10 million for the quarter, compared to the consensus estimate of $112.70 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. On average, analysts predict that Five Below will post $0.69 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Dougherty & Co raised their price target on shares of Five Below (NASDAQ:FIVE) from $42.50 to $48.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Five Below (NASDAQ:FIVE) from $45.00 to $50.00 in a research note to investors on Tuesday. Finally, analysts at Deutsche Bank raised their price target on shares of Five Below (NASDAQ:FIVE) from $40.00 to $51.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $52.94.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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