Zacks Investment Research upgraded shares of Five Below, Inc. (NASDAQ:FIVE) from a hold rating to a buy rating in a report released on Thursday. The firm currently has $55.00 target price on the specialty retailer’s stock.

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 research firms have also recently weighed in on FIVE. Deutsche Bank AG reaffirmed a hold rating and issued a $53.00 price objective (up previously from $48.00) on shares of Five Below in a report on Tuesday, May 30th. Credit Suisse Group reaffirmed an outperform rating and issued a $65.00 price objective (up previously from $47.00) on shares of Five Below in a report on Saturday, June 3rd. BTIG Research reissued a neutral rating on shares of Five Below in a research note on Saturday, June 3rd. Guggenheim reissued a buy rating and set a $60.00 target price (up previously from $52.00) on shares of Five Below in a research note on Saturday, June 3rd. Finally, Morgan Stanley reissued an equal weight rating and set a $47.00 target price (up previously from $40.00) on shares of Five Below in a research note on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $54.74.

Five Below (FIVE) traded up 0.06% during midday trading on Thursday, hitting $49.47. The stock had a trading volume of 379,890 shares. Five Below has a 52-week low of $35.03 and a 52-week high of $54.13. The firm has a market capitalization of $2.73 billion, a P/E ratio of 37.22 and a beta of 0.93. The firm has a 50-day moving average of $48.56 and a 200 day moving average of $46.95.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The company had revenue of $283.30 million during the quarter, compared to analysts’ expectations of $276.37 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, equities analysts forecast that Five Below will post $1.67 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Five Below by 9.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 278,012 shares of the specialty retailer’s stock worth $12,041,000 after acquiring an additional 25,041 shares during the last quarter. Suffolk Capital Management LLC acquired a new position in shares of Five Below in the 1st quarter worth approximately $1,300,000. Gotham Asset Management LLC acquired a new position in shares of Five Below in the 1st quarter worth approximately $1,321,000. Quantitative Systematic Strategies LLC lifted its holdings in shares of Five Below by 91.4% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 11,695 shares of the specialty retailer’s stock worth $562,000 after acquiring an additional 5,584 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Five Below in the 1st quarter worth approximately $514,000.

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.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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