Five Below (NASDAQ:FIVE) had its price target upped by MKM Partners from $75.00 to $86.00 in a research note issued to investors on Tuesday, February 20th. MKM Partners currently has a buy rating on the specialty retailer’s stock.
FIVE has been the subject of several other research reports. Jefferies Group reissued a buy rating and set a $85.00 target price on shares of Five Below in a research note on Monday, January 8th. Barclays reissued a hold rating and set a $60.00 target price on shares of Five Below in a research note on Sunday, December 3rd. UBS Group raised their target price on Five Below from $52.00 to $64.00 and gave the stock a neutral rating in a research note on Friday, December 1st. Gordon Haskett raised Five Below from a hold rating to an accumulate rating in a research note on Wednesday, January 31st. Finally, KeyCorp reissued a hold rating on shares of Five Below in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $64.97.
Five Below (NASDAQ FIVE) traded up $0.11 during mid-day trading on Tuesday, reaching $68.36. The company’s stock had a trading volume of 620,387 shares, compared to its average volume of 966,235. The firm has a market capitalization of $3,780.00, a PE ratio of 44.68, a price-to-earnings-growth ratio of 0.96 and a beta of 0.62. Five Below has a one year low of $37.32 and a one year high of $73.55.
Several hedge funds and other institutional investors have recently modified their holdings of FIVE. Jennison Associates LLC grew its stake in Five Below by 24.1% during the 3rd quarter. Jennison Associates LLC now owns 2,124,055 shares of the specialty retailer’s stock worth $116,568,000 after purchasing an additional 412,641 shares in the last quarter. Wasatch Advisors Inc. grew its stake in Five Below by 7.5% during the 4th quarter. Wasatch Advisors Inc. now owns 2,081,672 shares of the specialty retailer’s stock worth $138,056,000 after purchasing an additional 144,473 shares in the last quarter. State Street Corp grew its stake in Five Below by 2.8% during the 2nd quarter. State Street Corp now owns 1,433,959 shares of the specialty retailer’s stock worth $70,796,000 after purchasing an additional 38,532 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Five Below by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,182,837 shares of the specialty retailer’s stock worth $64,914,000 after purchasing an additional 30,368 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in Five Below during the 4th quarter worth $69,990,000.
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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.
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