Recently, several hedge funds bought and sold shares of Five Below. BNP Paribas Financial Markets increased its holdings by 30.4%, now owning 13,573 shares valued at $2.46 million. Cetera Investment Advisers raised its share by 1,842.1%, owning 22,528 shares worth $4.09 million. Quadrature Capital Ltd bought shares worth $2.66 million. Price T Rowe Associates increased its holdings by 1%, now managing 3.8 million shares valued at $689.17 million. Bridgefront Capital raised its stake by 379%, owning 7,970 shares worth $1.70 million.
Analysts Set New Price Targets
Several analysts recently evaluated Five Below stock. JPMorgan downgraded it from “neutral” to “underweight,” increasing their price target from $89 to $95. Mizuho maintained a “neutral” rating with a price target of $85. Citigroup decreased its target from $92 to $85 with a “neutral” rating. Guggenheim cut its target from $165 to $125 but maintained a “buy” rating. Bank of America increased its target from $87 to $98 with a “neutral” rating. Overall, two analysts rate it a sell, thirteen a hold, and seven a buy, giving it an average rating of “Hold” with a consensus price target of $111.15.
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Five Below Price Performance
On Friday, Five Below shares opened at $89.75, with a market cap of $4.94 billion and a PE ratio of 16.87. The stock has a 50-day average of $80.84 and a 200-day average of $116.03, with a yearly low of $64.87 and a high of $216.18.
Five Below posted its earnings on August 28, reporting $0.54 EPS and $830.07 million in revenue, exceeding estimates. Analysts forecast earnings of $4.55 per share for the year.
About Five Below
Five Below is a specialty retailer in the U.S. offering various products, including accessories, home decor, and personal care items at affordable prices.
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