Guggenheim Increases Five Below Price Target to $47.00 (FIVE)
Guggenheim increased their price target on shares of Five Below (NASDAQ:FIVE) from $42.00 to $47.00 in a research note issued on Tuesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price would suggest a potential downside of 2.27% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Five Below (NASDAQ:FIVE) from $43.00 to $46.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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.
Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Five Below presently has an average rating of “Hold” and an average target price of $52.94.
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 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 $2.598 billion.
Five Below (NASDAQ:FIVE) last announced its earnings results on Monday, September 9th. The company reported $0.07 earnings per share for the quarter, beating the 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. 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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