Five Below PT Lowered to $45.00 (FIVE)
Research analysts at Sterne Agee lowered their price target on shares of Five Below (NASDAQ:FIVE) from $56.00 to $45.00 in a report released on Friday, StockRatingsNetwork.com reports. Sterne Agee’s target price suggests a potential upside of 3.23% from the stock’s previous close.
Shares of Five Below (NASDAQ:FIVE) opened at 43.59 on Friday. Five Below has a 52-week low of $30.82 and a 52-week high of $55.28. The stock has a 50-day moving average of $46.08 and a 200-day moving average of $43.76. The company has a market cap of $2.361 billion and a P/E ratio of 91.88.
Five Below (NASDAQ:FIVE) last posted its quarterly 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. On average, analysts predict that Five Below will post $0.72 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FIVE. 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. Separately, 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. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Five Below in a research note to investors on Friday, December 6th. They now have a $54.00 price target on the stock, down previously from $58.00. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.