Five Below (NASDAQ:FIVE) Given New $140.00 Price Target at Wells Fargo & Company

Five Below (NASDAQ:FIVE) had its price target boosted by Wells Fargo & Company from $115.00 to $140.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the specialty retailer’s stock.

Several other research analysts have also weighed in on FIVE. DA Davidson decreased their price objective on shares of Five Below from $50.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Evercore ISI lifted their price objective on shares of Five Below from $94.00 to $98.00 and gave the company an “in-line” rating in a research report on Wednesday, May 28th. The Goldman Sachs Group upped their price target on shares of Five Below from $107.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays reduced their price target on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Finally, Mizuho boosted their target price on shares of Five Below from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $110.40.

Five Below Stock Up 5.6%

Five Below stock opened at $128.02 on Thursday. The firm has a fifty day moving average of $86.32 and a 200-day moving average of $90.54. The firm has a market capitalization of $7.05 billion, a P/E ratio of 26.40, a PEG ratio of 1.19 and a beta of 0.87. Five Below has a 52-week low of $52.38 and a 52-week high of $137.30.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The business had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. On average, research analysts expect that Five Below will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were 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 directly owns 12,658 shares of the company’s stock, valued at $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

Several large investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new stake in shares of Five Below during the 1st quarter worth $29,000. Coppell Advisory Solutions LLC raised its stake in shares of Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 253 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Five Below by 1,097.4% during the 1st 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 in the last quarter. Bessemer Group Inc. increased its position in shares of Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 353 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 206 shares in the last quarter.

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.