Brokerages Set Five Below, Inc. (NASDAQ:FIVE) PT at $97.25

Shares of Five Below, Inc. (NASDAQ:FIVE) have been assigned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $97.50.

Several research firms have recently issued reports on FIVE. Bank of America reduced their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note 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. 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. JPMorgan Chase & Co. lifted their target price on shares of Five Below from $57.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group increased their price target on Five Below from $94.00 to $107.00 and gave the company a “buy” rating in a research report on Monday.

Five Below Price Performance

NASDAQ:FIVE opened at $111.93 on Friday. The firm has a 50-day moving average of $76.84 and a 200-day moving average of $88.24. The company has a market cap of $6.16 billion, a PE ratio of 23.08, a PEG ratio of 1.19 and a beta of 0.87. Five Below has a one year low of $52.38 and a one year high of $141.70.

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

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIVE. UMB Bank n.a. boosted its position in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares during the period. Byrne Asset Management LLC purchased a new stake in Five Below in the 1st quarter worth approximately $29,000. Coppell Advisory Solutions LLC lifted its stake in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 253 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 worth $34,000 after purchasing an additional 417 shares during the period. Finally, Bessemer Group Inc. increased its holdings 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 worth $37,000 after purchasing an additional 353 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.