UBS Group Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE) had its price target increased by investment analysts at UBS Group from $184.00 to $204.00 in a research note issued to investors on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the specialty retailer’s stock. UBS Group’s target price would indicate a potential upside of 22.89% from the company’s current price.

Several other brokerages also recently weighed in on FIVE. Morgan Stanley raised their price target on Five Below from $135.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Barclays set a $135.00 price objective on shares of Five Below in a research note on Thursday, August 28th. Zacks Research upgraded shares of Five Below from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Five Below from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Finally, Guggenheim raised their price target on shares of Five Below from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $156.06.

Five Below Trading Down 0.6%

FIVE stock opened at $166.00 on Friday. The firm has a 50 day moving average of $154.28 and a 200-day moving average of $140.06. Five Below has a 12 month low of $52.38 and a 12 month high of $168.98. The firm has a market capitalization of $9.15 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.20. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $988.91 million. Five Below had a return on equity of 17.13% and a net margin of 6.45%.The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 EPS. Sell-side analysts predict that Five Below will post 4.93 EPS for the current year.

Hedge Funds Weigh In On Five Below

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in Five Below by 6.2% in the first quarter. Victory Capital Management Inc. now owns 10,949 shares of the specialty retailer’s stock worth $820,000 after acquiring an additional 644 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Five Below in the 1st quarter worth $412,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Five Below by 4.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,734 shares of the specialty retailer’s stock worth $1,179,000 after purchasing an additional 729 shares during the period. LPL Financial LLC lifted its position in Five Below by 7.5% during the first quarter. LPL Financial LLC now owns 71,226 shares of the specialty retailer’s stock valued at $5,337,000 after purchasing an additional 5,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Five Below during the first quarter valued at about $1,248,000.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.