Jefferies Group Increases Five Below Price Target to $51.00 (FIVE)
Analysts at Jefferies Group raised their target price on shares of Five Below (NASDAQ:FIVE) from $45.00 to $51.00 in a research report issued to clients and investors on Tuesday, ARN reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 6.05% from the company’s current price.
A number of other analysts have also recently weighed in on FIVE. Analysts at Guggenheim raised their price target on shares of Five Below (NASDAQ:FIVE) from $42.00 to $47.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $52.94.
Shares of Five Below (NASDAQ:FIVE) traded up 17.18% during mid-day trading 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’s 50-day moving average is $38.49 and its 200-day moving average is $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 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 last year, the company posted $0.04 earnings per share. Five Below’s revenue was up 34.9% compared to the same quarter last year. 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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