Five Below (NASDAQ:FIVE) Shares Gap Up – What’s Next?

Five Below, Inc. (NASDAQ:FIVE)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $103.20, but opened at $107.00. Five Below shares last traded at $100.11, with a volume of 290,150 shares trading hands.

Analyst Ratings Changes

FIVE has been the topic of several recent analyst reports. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Telsey Advisory Group upped their target price on Five Below from $95.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Craig Hallum lifted their price target on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Citigroup upped their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Mizuho boosted their price target on shares of Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.00.

Five Below Trading Down 5.0 %

The firm has a fifty day moving average of $98.52 and a 200 day moving average of $91.02. The company has a market capitalization of $5.39 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.06 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last released 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. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same period last year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Sell-side analysts anticipate that Five Below, Inc. will post 4.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after purchasing an additional 180,902 shares in the last quarter. National Bank of Canada FI raised its holdings in Five Below by 155.2% during the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after buying an additional 47,940 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Five Below in the third quarter worth $3,282,000. Janney Montgomery Scott LLC boosted its stake in Five Below by 72.8% during the third quarter. Janney Montgomery Scott LLC now owns 21,815 shares of the specialty retailer’s stock worth $1,927,000 after buying an additional 9,188 shares during the period. Finally, Algert Global LLC increased its position in Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after acquiring an additional 20,266 shares during the last quarter.

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.