Five Below, Inc. (NASDAQ:FIVE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $55.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.25% from the stock’s previous close.

According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room d├ęcor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “

Several other equities analysts have also recently commented on FIVE. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $50.00 price target on shares of Five Below in a report on Monday, May 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $53.00 price target (up previously from $48.00) on shares of Five Below in a report on Tuesday, May 30th. KeyCorp reaffirmed an “overweight” rating and issued a $58.00 price target on shares of Five Below in a report on Thursday, June 1st. MKM Partners reaffirmed a “buy” rating and issued a $57.00 price target (up previously from $51.00) on shares of Five Below in a report on Thursday, June 1st. Finally, UBS AG upped their price target on Five Below from $50.00 to $59.00 and gave the company a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. Five Below presently has an average rating of “Buy” and a consensus target price of $54.74.

Shares of Five Below (NASDAQ FIVE) traded up 0.88% during mid-day trading on Thursday, reaching $49.44. 520,733 shares of the company traded hands. The company’s 50 day moving average is $48.56 and its 200 day moving average is $46.95. Five Below has a 52-week low of $35.03 and a 52-week high of $54.13. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 37.20 and a beta of 0.93.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. Five Below had a return on equity of 24.37% and a net margin of 7.29%. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities analysts forecast that Five Below will post $1.67 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/07/five-below-inc-five-upgraded-to-buy-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIVE. Teachers Advisors LLC grew its position in Five Below by 2.4% during the 4th quarter. Teachers Advisors LLC now owns 88,147 shares of the specialty retailer’s stock worth $3,522,000 after acquiring an additional 2,069 shares during the last quarter. First Mercantile Trust Co. grew its position in Five Below by 30.5% during the 1st quarter. First Mercantile Trust Co. now owns 2,310 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 540 shares during the last quarter. Strs Ohio grew its position in Five Below by 30.4% during the 1st quarter. Strs Ohio now owns 3,000 shares of the specialty retailer’s stock worth $129,000 after acquiring an additional 700 shares during the last quarter. Russell Investments Group Ltd. grew its position in Five Below by 6.6% during the 1st quarter. Russell Investments Group Ltd. now owns 247,111 shares of the specialty retailer’s stock worth $10,703,000 after acquiring an additional 15,199 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Five Below by 6.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 77,466 shares of the specialty retailer’s stock worth $3,354,000 after acquiring an additional 4,548 shares during the last quarter.

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. Its product groups include leisure, fashion and home, and party and snack.

Get a free copy of the Zacks research report on Five Below (FIVE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Receive News & Ratings for Five Below Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc. and related companies with MarketBeat.com's FREE daily email newsletter.