Wells Fargo & Company Upgrades Five Below (NASDAQ:FIVE) to Overweight

Five Below (NASDAQ:FIVE) was upgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued on Thursday, FinViz reports. The firm currently has a $180.00 target price on the specialty retailer’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 21.18% from the stock’s previous close.

Several other brokerages have also issued reports on FIVE. Mizuho initiated coverage on Five Below in a report on Tuesday, March 19th. They issued a “buy” rating and a $225.00 price target on the stock. Oppenheimer lowered Five Below from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $235.00 to $200.00 in a report on Tuesday, January 30th. Evercore ISI cut their price target on Five Below from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. UBS Group dropped their target price on Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, Barclays dropped their target price on Five Below from $225.00 to $214.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Five Below has a consensus rating of “Moderate Buy” and a consensus price target of $210.33.

Five Below Price Performance

Shares of Five Below stock opened at $148.54 on Thursday. Five Below has a one year low of $144.57 and a one year high of $216.18. The stock’s 50-day moving average is $182.69 and its 200 day moving average is $185.79. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.18 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company earned $3.07 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, sell-side analysts expect that Five Below will post 6.06 EPS for the current fiscal year.

Institutional Trading of Five Below

A number of large investors have recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in shares of Five Below by 13.5% in the third quarter. Avior Wealth Management LLC now owns 2,988 shares of the specialty retailer’s stock valued at $481,000 after purchasing an additional 355 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Five Below by 11.5% in the third quarter. Handelsbanken Fonder AB now owns 9,709 shares of the specialty retailer’s stock valued at $1,562,000 after purchasing an additional 1,000 shares in the last quarter. Peregrine Capital Management LLC grew its position in shares of Five Below by 5.4% in the third quarter. Peregrine Capital Management LLC now owns 66,391 shares of the specialty retailer’s stock valued at $10,682,000 after purchasing an additional 3,396 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Five Below by 16.7% in the third quarter. Commonwealth Equity Services LLC now owns 4,647 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 665 shares in the last quarter. Finally, Groesbeck Investment Management Corp NJ grew its position in shares of Five Below by 6.0% in the third quarter. Groesbeck Investment Management Corp NJ now owns 5,275 shares of the specialty retailer’s stock valued at $849,000 after purchasing an additional 300 shares in the last quarter.

Five Below Company Profile

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.