Five Below Price Target Raised to $48.50 at Dougherty & Co (FIVE)
Investment analysts at Dougherty & Co increased their price target on shares of Five Below (NASDAQ:FIVE) from $42.50 to $48.50 in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s price objective would indicate a potential upside of 18.18% from the company’s current price.
FIVE has been the subject of a number of other recent research reports. 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. Separately, analysts at Deutsche Bank set a $51.00 price target on shares of Five Below (NASDAQ:FIVE) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at MKM Partners upgraded shares of Five Below (NASDAQ:FIVE) from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $41.00 price target on the stock, up previously from $33.00. They noted that the move was a valuation call.
Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Five Below has an average rating of “Hold” and a consensus price target of $52.31.
Five Below (NASDAQ:FIVE) traded up 16.72% on Tuesday, hitting $47.90. 5,377,261 shares of the company’s stock traded hands. Five Below has a 52-week low of $27.73 and a 52-week 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 $2.588 billion.
Five Below (NASDAQ:FIVE) last issued its quarterly earnings data 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 prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. Analysts expect that Five Below will post $0.69 EPS for the current fiscal year.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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