Five Below Inc (NASDAQ:FIVE)‘s stock had its “buy” rating reaffirmed by investment analysts at Guggenheim in a research note issued on Monday. They currently have a $52.00 price target on the stock. Guggenheim’s target price would indicate a potential upside of 32.92% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Wednesday, February 1st. Vetr upgraded shares of Five Below from a “buy” rating to a “strong-buy” rating and set a $44.08 price target for the company in a report on Thursday, February 23rd. Loop Capital restated a “buy” rating and issued a $54.00 price target on shares of Five Below in a report on Friday. Cantor Fitzgerald restated a “buy” rating on shares of Five Below in a report on Friday, December 9th. Finally, Barclays PLC restated an “equal weight” rating and issued a $42.00 price target on shares of Five Below in a report on Tuesday, November 29th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $47.50.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Five Below (NASDAQ:FIVE) traded down 0.51% during trading on Monday, reaching $39.12. 1,390,045 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $38.96 and a 200 day moving average price of $39.81. Five Below has a 52 week low of $35.03 and a 52 week high of $52.70. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 33.78 and a beta of 1.02.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Five Below during the fourth quarter valued at approximately $16,879,000. Thrivent Financial for Lutherans raised its position in Five Below by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,700 shares of the company’s stock valued at $1,187,000 after buying an additional 1,690 shares during the period. Independent Advisor Alliance purchased a new position in Five Below during the fourth quarter valued at approximately $120,000. Teachers Retirement System of The State of Kentucky raised its position in Five Below by 6.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 43,149 shares of the company’s stock valued at $1,724,000 after buying an additional 2,520 shares during the period. Finally, Congress Asset Management Co. MA purchased a new position in Five Below during the fourth quarter valued at approximately $517,000.

Five Below Company Profile

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company’s product groups include leisure, fashion and home, and party and snack.

5 Day Chart for NASDAQ:FIVE

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