Five Below (NASDAQ:FIVE) Price Target Raised to $93.00

Five Below (NASDAQ:FIVE) had its price target lifted by Bank of America from $78.00 to $93.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an underperform rating on the specialty retailer’s stock.

Several other brokerages have also weighed in on FIVE. Citigroup upped their target price on Five Below from $121.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Wells Fargo & Company upped their target price on Five Below from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore ISI increased their price objective on Five Below from $98.00 to $115.00 and gave the company an “in-line” rating in a report on Thursday. Finally, Truist Financial increased their price objective on Five Below from $81.00 to $112.00 and gave the company a “hold” rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.40.

Five Below Price Performance

Shares of FIVE stock opened at $127.35 on Thursday. Five Below has a fifty-two week low of $52.38 and a fifty-two week high of $137.30. The stock’s 50-day moving average is $87.34 and its two-hundred day moving average is $90.89. The firm has a market cap of $7.01 billion, a P/E ratio of 26.26, a PEG ratio of 1.19 and a beta of 1.02.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. During the same period in the prior year, the firm posted $0.60 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, research analysts expect that Five Below will post 4.93 EPS for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Byrne Asset Management LLC acquired a new position in shares of Five Below in the first quarter valued at $29,000. Proficio Capital Partners LLC acquired a new position in shares of Five Below in the fourth quarter valued at $31,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Five Below by 1,097.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 417 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 353 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Five Below by 61.7% in the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 206 shares in the last quarter.

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.