Five Below Price Target Cut to $48.00 by Analysts at Jefferies Group (FIVE)
Equities research analysts at Jefferies Group lowered their target price on shares of Five Below (NASDAQ:FIVE) from $51.00 to $48.00 in a research note issued to investors on Friday, StockRatingsNetwork.com reports. Jefferies Group’s price target suggests a potential upside of 10.12% from the company’s current price.
Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, December 5th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $110.70 million for the quarter, compared to the consensus estimate of $111.78 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis.
FIVE has been the subject of a number of other recent research reports. Analysts at Sterne Agee cut their price target on shares of Five Below from $56.00 to $45.00 in a research note to investors on Friday. Separately, analysts at Credit Suisse upgraded shares of Five Below from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, December 23rd. They now have a $52.00 price target on the stock, up previously from $46.00. Finally, analysts at Dougherty & Co raised their price target on shares of Five Below from $48.50 to $54.50 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $56.39.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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