Evercore ISI Lowers Five Below (NASDAQ:FIVE) Price Target to $225.00

Five Below (NASDAQ:FIVE) had its price target lowered by Evercore ISI from $230.00 to $225.00 in a research note published on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the specialty retailer’s stock.

FIVE has been the topic of a number of other research reports. Gordon Haskett cut Five Below from a buy rating to an accumulate rating and reduced their target price for the company from $210.00 to $200.00 in a research note on Wednesday, April 3rd. UBS Group reduced their target price on Five Below from $270.00 to $245.00 and set a buy rating on the stock in a research note on Thursday, March 21st. Morgan Stanley reduced their target price on Five Below from $225.00 to $210.00 and set an overweight rating on the stock in a research note on Thursday, March 21st. Telsey Advisory Group reduced their target price on Five Below from $230.00 to $220.00 and set an outperform rating on the stock in a research note on Thursday, March 21st. Finally, Truist Financial reduced their target price on Five Below from $214.00 to $204.00 and set a buy rating on the stock in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $212.83.

Five Below Stock Performance

Shares of FIVE stock opened at $149.30 on Tuesday. Five Below has a 52-week low of $144.57 and a 52-week high of $216.18. The company has a market capitalization of $8.25 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. The business’s fifty day moving average is $186.30 and its 200 day moving average is $186.14.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.07 EPS. On average, sell-side analysts forecast that Five Below will post 6.06 EPS for the current fiscal year.

Insider Transactions at Five Below

In other news, Director Thomas Vellios sold 10,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the completion of the sale, the director now directly owns 333,697 shares in the company, valued at $62,007,576.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Five Below

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Five Below by 1.0% during the first quarter. BlackRock Inc. now owns 4,879,733 shares of the specialty retailer’s stock worth $1,005,079,000 after purchasing an additional 46,515 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Five Below by 2,513.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock worth $801,779,000 after purchasing an additional 3,743,768 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Five Below by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock worth $482,922,000 after buying an additional 259,012 shares during the period. Wasatch Advisors Inc. lifted its holdings in Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after buying an additional 471,349 shares during the period. Finally, Montrusco Bolton Investments Inc. lifted its holdings in Five Below by 34.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock worth $242,681,000 after buying an additional 395,275 shares during the period.

About Five Below

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.