Five Below (NASDAQ:FIVE) Shares Gap Up – Time to Buy?

Five Below, Inc. (NASDAQ:FIVE)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $103.20, but opened at $107.00. Five Below shares last traded at $100.11, with a volume of 290,150 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Loop Capital increased their price target on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Truist Financial increased their price target on shares of Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Barclays increased their price target on shares of Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised their target price on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $116.00.

Five Below Trading Down 5.8 %

The company has a market capitalization of $5.18 billion, a PE ratio of 19.40, a PEG ratio of 1.06 and a beta of 1.14. The company’s 50 day moving average price is $98.62 and its 200-day moving average price is $90.95.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same quarter in the prior year, the company earned $0.26 EPS. The company’s revenue was up 14.6% on a year-over-year basis. As a group, analysts predict that Five Below, Inc. will post 4.94 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Five Below by 1.9% during the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after buying an additional 31,520 shares during the period. Geode Capital Management LLC increased its stake in Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock worth $86,559,000 after buying an additional 11,504 shares during the period. Point72 Asset Management L.P. lifted its holdings in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares in the last quarter. Atreides Management LP acquired a new stake in shares of Five Below during the third quarter valued at about $68,649,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Five Below during the third quarter worth about $64,981,000.

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.