Citigroup Inc. initiated coverage on shares of Five Below Inc. (NASDAQ:FIVE) in a research report sent to investors on Tuesday. The brokerage issued a buy rating and a $50.00 price objective on the stock.

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Five Below from a buy rating to a hold rating in a research note on Monday, October 3rd. Barclays PLC assumed coverage on shares of Five Below in a research note on Friday, September 23rd. They set an equal weight rating and a $42.00 price objective for the company. MKM Partners reaffirmed a buy rating and set a $60.00 price objective on shares of Five Below in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a $42.00 price objective on shares of Five Below in a research note on Tuesday, September 6th. Finally, RBC Capital Markets reaffirmed an outperform rating and set a $54.00 price objective (up from $53.00) on shares of Five Below in a research note on Thursday, September 1st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $47.67.

Shares of Five Below (NASDAQ:FIVE) traded down 0.13% during trading on Tuesday, reaching $38.95. 191,155 shares of the company were exchanged. The stock has a market capitalization of $2.14 billion, a PE ratio of 34.20 and a beta of 0.99. The stock has a 50-day moving average price of $42.30 and a 200-day moving average price of $43.73. Five Below has a one year low of $26.95 and a one year high of $52.70.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The company earned $220.13 million during the quarter, compared to analyst estimates of $219.60 million. Five Below had a net margin of 6.93% and a return on equity of 26.01%. Five Below’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. Analysts forecast that Five Below will post $1.32 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund raised its position in shares of Five Below by 37.7% in the first quarter. Texas Permanent School Fund now owns 43,627 shares of the company’s stock worth $1,804,000 after buying an additional 11,948 shares during the period. Aperio Group LLC acquired a new position in shares of Five Below during the first quarter worth about $401,000. Pacad Investment Ltd. acquired a new position in shares of Five Below during the first quarter worth about $306,000. Teachers Advisors Inc. raised its position in shares of Five Below by 4.5% in the first quarter. Teachers Advisors Inc. now owns 83,495 shares of the company’s stock worth $3,452,000 after buying an additional 3,611 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Five Below by 7.3% in the first quarter. Prudential Financial Inc. now owns 134,700 shares of the company’s stock worth $5,568,000 after buying an additional 9,200 shares during the period.

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. The Company’s product groups include leisure, fashion and home, and party and snack.

5 Day Chart for NASDAQ:FIVE

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