Brokerages Set Five Below, Inc. (NASDAQ:FIVE) PT at $119.00

Five Below, Inc. (NASDAQ:FIVE) has received a consensus recommendation of “Hold” from the twenty research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $119.00.

FIVE has been the topic of several recent analyst reports. Mizuho raised their price target on shares of Five Below from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. UBS Group increased their price objective on Five Below from $110.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, June 5th. Morgan Stanley raised their price objective on Five Below from $110.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, June 5th. Truist Financial upped their target price on Five Below from $81.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, June 2nd. Finally, The Goldman Sachs Group increased their price target on Five Below from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th.

Five Below Price Performance

NASDAQ FIVE opened at $133.16 on Friday. Five Below has a 1-year low of $52.38 and a 1-year high of $143.88. The business has a 50 day simple moving average of $128.83 and a two-hundred day simple moving average of $99.07. The stock has a market capitalization of $7.33 billion, a PE ratio of 27.92 and a beta of 1.06.

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

Insider Transactions at Five Below

In other news, insider George Hill sold 4,500 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the sale, the insider owned 44,130 shares of the company’s stock, valued at $5,866,200.90. The trade was a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the sale, the insider owned 25,890 shares in the company, valued at approximately $3,240,651.30. The trade was a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,200 shares of company stock valued at $1,740,209 in the last three months. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Five Below

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

Five Below Company Profile

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.