Analysts at Jefferies Group hoisted their target price on shares of Five Below (NASDAQ:FIVE) to $45.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 10.08% from the stock’s previous close.
Shares of Five Below (NASDAQ: FIVE) opened at 40.88 on Friday. Five Below has a one year low of $26.77 and a one year high of $43.04. The stock’s 50-day moving average is currently $37.63. The company’s market cap is $2.209 billion.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 12th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $95.60 million for the quarter, compared to the consensus estimate of $94.23 million. During the same quarter last year, the company posted $0.05 earnings per share. Five Below’s revenue was up 33.1% compared to the same quarter last year. Five Below has set its Q2 guidance at $0.08-0.09 EPS and its FY14 guidance at $0.65-0.68 EPS. On average, analysts predict that Five Below will post $0.68 earnings per share for the current fiscal year.
A number of other firms have also recently commented on FIVE. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Five Below in a research note to investors on Tuesday, July 9th. They now have a $43.00 price target on the stock, up previously from $37.00. Separately, analysts at Guggenheim raised their price target on shares of Five Below from $40.00 to $42.00 in a research note to investors on Thursday, June 13th. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Five Below in a research note to investors on Thursday, June 13th.
Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.58.
Five Below, Inc (NASDAQ: FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.