Five Below (NASDAQ:FIVE) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Other equities analysts also recently issued reports about the stock. Gordon Haskett upgraded shares of Five Below from a “hold” rating to an “accumulate” rating in a research note on Wednesday, January 31st. Buckingham Research increased their price objective on shares of Five Below from $62.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Thursday, November 30th. Jefferies Group increased their price objective on shares of Five Below from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, MKM Partners increased their price objective on shares of Five Below from $59.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.97.
Five Below (NASDAQ:FIVE) opened at $68.58 on Monday. The company has a market cap of $3,788.02, a PE ratio of 44.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.62. Five Below has a one year low of $37.21 and a one year high of $73.55.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in shares of Five Below in the fourth quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Five Below by 53.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,714 shares of the specialty retailer’s stock valued at $180,000 after purchasing an additional 943 shares in the last quarter. M&T Bank Corp bought a new position in shares of Five Below during the fourth quarter valued at approximately $211,000. Wedbush Securities Inc. bought a new position in shares of Five Below during the fourth quarter valued at approximately $214,000. Finally, MML Investors Services LLC bought a new position in shares of Five Below during the fourth quarter valued at approximately $238,000.
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About Five Below
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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