The Goldman Sachs Group Raises Five Below (NASDAQ:FIVE) Price Target to $122.00

Five Below (NASDAQ:FIVE) had its target price hoisted by research analysts at The Goldman Sachs Group from $106.00 to $122.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 9.20% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Truist Financial boosted their price objective on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Melius Research started coverage on Five Below in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective on the stock. Finally, Guggenheim boosted their price objective on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below has a consensus rating of “Hold” and an average price target of $116.15.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $4.25 during trading on Friday, reaching $111.72. The stock had a trading volume of 560,638 shares, compared to its average volume of 1,514,284. The business has a fifty day moving average price of $91.39 and a 200-day moving average price of $94.78. The stock has a market cap of $6.15 billion, a PE ratio of 21.99, a PEG ratio of 1.14 and a beta of 1.18. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. Sell-side analysts expect that Five Below will post 4.56 earnings per share for the current year.

Institutional Investors Weigh In On Five Below

Several large investors have recently bought and sold shares of FIVE. Paladin Wealth LLC purchased a new stake in Five Below during the 3rd quarter worth about $26,000. Brooklyn Investment Group purchased a new stake in Five Below during the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Five Below during the 3rd quarter worth about $42,000. Hobbs Group Advisors LLC purchased a new stake in Five Below during the 2nd quarter worth about $44,000. Finally, Partnership Wealth Management LLC increased its holdings in Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares during the period.

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.