Five Below (NASDAQ:FIVE) Price Target Raised to $107.00 at The Goldman Sachs Group

Five Below (NASDAQ:FIVE) had its price target upped by The Goldman Sachs Group from $94.00 to $107.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

A number of other research analysts have also weighed in on the company. Barclays dropped their target price on Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. Bank of America lowered their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a report on Thursday, March 20th. Evercore ISI cut their price target on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Guggenheim reduced their price objective on shares of Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Loop Capital lifted their target price on shares of Five Below from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $97.50.

Five Below Trading Up 2.3%

NASDAQ:FIVE opened at $108.94 on Monday. The firm has a fifty day simple moving average of $76.04 and a two-hundred day simple moving average of $88.07. Five Below has a 12 month low of $52.38 and a 12 month high of $141.70. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.65 earnings per share. Equities analysts predict that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Activity

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by company insiders.

Institutional Trading of Five Below

A number of hedge funds have recently made changes to their positions in FIVE. Federated Hermes Inc. increased its position in shares of Five Below by 26,340.9% during the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock valued at $111,337,000 after purchasing an additional 1,480,361 shares during the last quarter. Steadfast Capital Management LP bought a new stake in shares of Five Below in the 4th quarter worth approximately $123,601,000. Marshall Wace LLP boosted its stake in shares of Five Below by 86.0% in the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after purchasing an additional 1,072,642 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Five Below by 494.5% in the 1st quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock valued at $88,042,000 after purchasing an additional 977,411 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Five Below during the 4th quarter valued at $66,933,000.

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.