Five Below (NASDAQ:FIVE) Stock Ranking Reaffirmed by Goldman Sachs Group

Five Below (NASDAQ:FIVE – Get a Rating)Goldman Sachs’ action was reiterated by Goldman Sachs Group investment analysts in a report on Friday. They currently have a target price of $157.00 on the specialty retailer’s stock. Goldman Sachs Group’s price target suggests a potential upside of 15.51% from the current share price.

A number of other equity research analysts have also weighed in on FIVE recently. Truist Financial raised its price target on Five Below from $154.00 to $156.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp cut its price target on Five Below from $190.00 to $172.00 and set an “overweight” rating for the company in a research report on Thursday. Guggenheim reduced its price target on Five Below from $200.00 to $190.00 in a research note on Thursday. TheStreet reduced shares of Five Below from a “b-” rating to a “c+” rating in a Thursday, June 9 research note. Finally, MKM Partners assumed stock coverage for Five Below in a Thursday, July 28 research report. They issued a “neutral” rating and a target price of $115.00 for the company. One investment analyst gave the stock a sell rating, two gave the company a hold rating and fifteen gave the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $170.53.

Five below stock by up to 6.3%

Shares of FIVE opened at $135.92 on Friday. The company has a market capitalization of $7.54 billion, a P/E ratio of 29.17, a PEG ratio of 1.32 and a beta of 1.33. The company has a 50-day moving average of $127.88 and a two-hundred-day moving average of $143.15. Five Below has a 52 week minimum of $109.49 and a 52 week maximum of $221.00.

Five Below (NASDAQ:FIVE – Get Rating) last announced its quarterly results on Wednesday, August 31. The specialty retailer reported earnings per share (EPS) of $0.74 for the quarter, missing the consensus estimate of $0.78 per ($0.04). The company posted revenue of $668.93 million in the quarter, versus a consensus estimate of $681.30 million. Five Below had a return on equity of 24.53% and a net margin of 9.06%. The company’s revenue for the quarter increased 3.5% year over year. During the same period last year, the company posted EPS of $1.15. Analysts expect Five Below to post EPS of 4.84 for the current fiscal year.

Institutional entries and exits

Several hedge funds and other institutional investors have recently changed their positions in FIVE. Darsana Capital Partners LP purchased a new stock position in Five Below during the second quarter at a value of $161,638,000. FMR LLC strengthened its position in Five Below by 25.1% during the 2nd quarter. FMR LLC now owns 7,061,002 shares of the specialty retailer worth $800,929,000 after acquiring an additional 1,415,117 shares during the period. 1832 Asset Management LP bought a new position in Five Below during Q4, valued at approximately $140,494,000. Artisan Partners Limited Partnership acquired a new equity position in Five Below in Q2 worth approximately $70,023,000. Finally, Wasatch Advisors Inc. increased its position in shares of Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer worth $423,883,000 after purchasing an additional 471,349 shares last quarter. 96.51% of the shares are currently held by institutional investors and hedge funds.

About five below

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Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories including socks, sunglasses, jewelry, scarves, gloves, hair accessories, sports tops and bottoms and t-shirts, as well as nail polish, glitter branded lipsticks, perfumes and cosmetics; and items used to complete and personalize the living space, such as sequin lamps, posters, picture frames, fleece blankets, plush items, pillows, candles, incense, lighting , novelty decorations, accent furniture and related items, as well as storage options for guest rooms.

Further reading

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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