Zacks Investment Research upgraded shares of Five Below Inc. (NASDAQ:FIVE) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room d├ęcor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “

A number of other analysts also recently commented on the company. Goldman Sachs Group Inc. restated a neutral rating and set a $42.00 price objective on shares of Five Below in a report on Tuesday, September 6th. Barclays PLC assumed coverage on Five Below in a report on Friday, September 23rd. They issued an equal weight rating and a $42.00 price target for the company. KeyCorp assumed coverage on Five Below in a report on Wednesday, October 12th. They issued an overweight rating and a $47.00 price target for the company. MKM Partners reiterated a buy rating and issued a $60.00 price target on shares of Five Below in a report on Tuesday, September 13th. Finally, Jefferies Group reiterated a buy rating and issued a $55.00 price target on shares of Five Below in a report on Thursday, September 1st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $47.81.

Shares of Five Below (NASDAQ:FIVE) opened at 40.53 on Monday. The firm has a market cap of $2.22 billion, a PE ratio of 35.58 and a beta of 1.02. Five Below has a 52-week low of $26.97 and a 52-week high of $52.70. The stock’s 50 day moving average price is $38.29 and its 200-day moving average price is $43.14.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business earned $220.13 million during the quarter, compared to the consensus estimate of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. On average, equities research analysts anticipate that Five Below will post $1.31 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of FIVE. Robeco Institutional Asset Management B.V. bought a new position in Five Below during the third quarter worth approximately $108,000. FineMark National Bank & Trust boosted its stake in shares of Five Below by 10.1% in the second quarter. FineMark National Bank & Trust now owns 2,621 shares of the company’s stock worth $122,000 after buying an additional 240 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of Five Below during the second quarter worth $129,000. Huntington National Bank boosted its stake in shares of Five Below by 5.4% in the second quarter. Huntington National Bank now owns 3,107 shares of the company’s stock worth $144,000 after buying an additional 158 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Five Below by 6.0% in the third quarter. Advisor Group Inc. now owns 4,193 shares of the company’s stock worth $168,000 after buying an additional 238 shares during the last quarter.

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

Receive News & Stock Ratings for Five Below Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below Inc. and related stocks with our FREE daily email newsletter.