BidaskClub cut shares of Five Below (NASDAQ:FIVE) from a buy rating to a hold rating in a research note issued to investors on Monday, February 25th.
FIVE has been the topic of a number of other research reports. JPMorgan Chase & Co. downgraded Five Below from an overweight rating to a neutral rating and set a $128.30 price objective on the stock. in a research report on Friday, February 22nd. ValuEngine raised Five Below from a buy rating to a strong-buy rating in a research note on Thursday, January 24th. Loop Capital cut Five Below from a buy rating to a hold rating in a research note on Wednesday, January 9th. Morgan Stanley raised Five Below from an equal weight rating to an overweight rating and raised their price objective for the company from $113.00 to $118.00 in a research note on Monday, January 7th. Finally, Credit Suisse Group reduced their price objective on Five Below from $125.00 to $115.00 and set a neutral rating on the stock in a research note on Thursday, December 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $124.07.
FIVE traded down $1.67 during midday trading on Monday, reaching $116.97. 738,026 shares of the company were exchanged, compared to its average volume of 859,217. The firm has a market capitalization of $6.62 billion, a P/E ratio of 65.35, a P/E/G ratio of 1.30 and a beta of 0.60. Five Below has a one year low of $68.97 and a one year high of $136.13.
A number of large investors have recently modified their holdings of FIVE. BlackRock Inc. grew its stake in Five Below by 1.8% in the 4th quarter. BlackRock Inc. now owns 6,691,838 shares of the specialty retailer’s stock worth $684,706,000 after acquiring an additional 116,413 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Five Below by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after purchasing an additional 261,259 shares during the period. Vanguard Group Inc lifted its position in shares of Five Below by 5.4% in the 3rd quarter. Vanguard Group Inc now owns 5,123,587 shares of the specialty retailer’s stock worth $666,374,000 after purchasing an additional 261,259 shares during the period. FMR LLC lifted its position in shares of Five Below by 105.4% in the 2nd quarter. FMR LLC now owns 2,277,943 shares of the specialty retailer’s stock worth $222,578,000 after purchasing an additional 1,168,796 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Five Below by 12.0% in the 3rd quarter. Wells Fargo & Company MN now owns 910,442 shares of the specialty retailer’s stock worth $118,413,000 after purchasing an additional 97,882 shares during the period. Institutional investors own 94.71% of the company’s stock.
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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