Five Below Inc (NASDAQ:FIVE)‘s stock had its “buy” rating reiterated by equities researchers at Loop Capital in a research report issued on Friday. They presently have a $54.00 price objective on the stock. Loop Capital’s target price would suggest a potential upside of 38.04% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Five Below from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Vetr upgraded Five Below from a “buy” rating to a “strong-buy” rating and set a $44.08 target price for the company in a research report on Wednesday, March 1st. Deutsche Bank AG reiterated a “hold” rating and set a $40.00 target price (down previously from $41.00) on shares of Five Below in a research report on Thursday, January 12th. Jefferies Group LLC set a $55.00 target price on Five Below and gave the stock a “buy” rating in a research report on Tuesday, January 10th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $54.00 target price on shares of Five Below in a research report on Thursday, January 5th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.50.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Shares of Five Below (NASDAQ:FIVE) opened at 39.12 on Friday. The company has a 50-day moving average price of $38.96 and a 200-day moving average price of $39.81. The company has a market cap of $2.15 billion, a P/E ratio of 33.78 and a beta of 1.02. Five Below has a 52-week low of $35.03 and a 52-week high of $52.70.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in Five Below by 73,572.2% in the third quarter. Victory Capital Management Inc. now owns 1,465,341 shares of the company’s stock valued at $59,038,000 after buying an additional 1,463,352 shares in the last quarter. Oak Ridge Investments LLC purchased a new position in Five Below during the third quarter valued at $31,174,000. Wells Fargo & Company MN boosted its position in Five Below by 45.8% in the third quarter. Wells Fargo & Company MN now owns 2,191,769 shares of the company’s stock valued at $88,307,000 after buying an additional 688,359 shares in the last quarter. Arrowpoint Asset Management LLC boosted its position in Five Below by 47.6% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,805,670 shares of the company’s stock valued at $72,155,000 after buying an additional 582,014 shares in the last quarter. Finally, Norges Bank purchased a new position in Five Below during the fourth quarter valued at $16,879,000.

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. The Company’s product groups include leisure, fashion and home, and party and snack.

5 Day Chart for NASDAQ:FIVE

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