BidaskClub upgraded shares of Five Below, Inc. (NASDAQ:FIVE) from a buy rating to a strong-buy rating in a report published on Thursday morning.

Several other brokerages also recently weighed in on FIVE. UBS AG upped their target price on shares of Five Below from $50.00 to $59.00 and gave the stock a buy rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a buy rating and issued a $62.00 price target on shares of Five Below in a research note on Wednesday, August 23rd. Royal Bank Of Canada raised their price target on Five Below from $50.00 to $57.00 and gave the company an outperform rating in a report on Friday, June 2nd. Guggenheim reissued a buy rating and set a $60.00 price target (up from $52.00) on shares of Five Below in a report on Saturday, June 3rd. Finally, Loop Capital restated a buy rating and issued a $60.00 price objective on shares of Five Below in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $54.15.

Five Below (NASDAQ FIVE) opened at 54.88 on Thursday. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 37.90 and a beta of 0.89. Five Below has a 52-week low of $35.03 and a 52-week high of $55.58. The stock’s 50 day moving average is $49.16 and its 200-day moving average is $47.62.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $283.30 million during the quarter, compared to analyst estimates of $276.37 million. Five Below had a net margin of 7.29% and a return on equity of 24.37%. The company’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. Equities research analysts anticipate that Five Below will post $1.67 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Five Below by 27,003.0% in the 1st quarter. BlackRock Inc. now owns 6,826,168 shares of the specialty retailer’s stock worth $295,641,000 after buying an additional 6,800,982 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Five Below in the 1st quarter worth about $31,188,000. Lazard Asset Management LLC bought a new stake in shares of Five Below in the 1st quarter worth about $27,250,000. FMR LLC increased its holdings in shares of Five Below by 111.2% in the 1st quarter. FMR LLC now owns 715,096 shares of the specialty retailer’s stock worth $30,970,000 after buying an additional 376,527 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Five Below by 27.3% during the 2nd quarter. Jennison Associates LLC now owns 1,711,414 shares of the specialty retailer’s stock valued at $84,493,000 after buying an additional 367,235 shares in 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. Its product groups include leisure, fashion and home, and party and snack.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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