Evercore ISI Issues Positive Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its target price hoisted by Evercore ISI from $115.00 to $120.00 in a report released on Tuesday morning,Benzinga reports. They currently have an in-line rating on the specialty retailer’s stock.

FIVE has been the subject of a number of other research reports. Guggenheim dropped their target price on Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 21st. Loop Capital lifted their price objective on shares of Five Below from $90.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, June 6th. Morgan Stanley boosted their price objective on shares of Five Below from $110.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, June 5th. JPMorgan Chase & Co. raised their target price on shares of Five Below from $57.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, UBS Group lifted their price target on shares of Five Below from $110.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. One investment 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. Based on data from MarketBeat, Five Below has an average rating of “Hold” and a consensus target price of $112.65.

Five Below Stock Performance

Shares of FIVE stock opened at $124.28 on Tuesday. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 26.05 and a beta of 1.02. The company has a 50-day simple moving average of $102.29 and a 200 day simple moving average of $93.15. Five Below has a 52 week low of $52.38 and a 52 week high of $137.30.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The firm had revenue of $970.53 million during the quarter, compared to the consensus estimate of $966.29 million. During the same period last year, the business posted $0.60 earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts forecast that Five Below will post 4.93 EPS for the current year.

Insider Activity at Five Below

In other news, insider George Hill sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total value of $598,185.00. Following the completion of the transaction, the insider now owns 44,130 shares of the company’s stock, valued at $5,866,200.90. This represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the transaction, the insider now owns 25,890 shares of the company’s stock, valued at approximately $3,240,651.30. This trade represents a 6.16% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently added to or reduced their stakes in FIVE. Byrne Asset Management LLC bought a new stake in shares of Five Below in the first quarter worth $29,000. Coppell Advisory Solutions LLC lifted its holdings in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after buying an additional 253 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Five Below by 1,097.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 417 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Five Below by 246.9% in the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 353 shares during the last quarter. Finally, UMB Bank n.a. increased 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 buying an additional 206 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.