Evercore ISI Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE - Get Free Report) had its target price increased by Evercore ISI from $94.00 to $98.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's price target would indicate a potential downside of 14.63% from the stock's previous close.

A number of other equities research analysts also recently commented on FIVE. Loop Capital boosted their target price on Five Below from $85.00 to $90.00 and gave the stock a "hold" rating in a research report on Monday, May 5th. Bank of America decreased their target price on Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research report on Thursday, March 20th. Truist Financial boosted their target price on Five Below from $65.00 to $81.00 and gave the stock a "hold" rating in a research report on Monday, May 5th. Citigroup lifted their price objective on shares of Five Below from $80.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Telsey Advisory Group lifted their price objective on shares of Five Below from $85.00 to $90.00 and gave the stock a "market perform" rating in a research note on Friday, May 2nd. One 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $99.15.

Five Below Price Performance

Five Below stock traded down $1.30 during midday trading on Wednesday, reaching $114.80. 323,606 shares of the company traded hands, compared to its average volume of 2,081,264. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The business has a 50 day moving average of $80.37 and a two-hundred day moving average of $88.93. Five Below has a 12 month low of $52.38 and a 12 month high of $141.70.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.65 earnings per share. As a group, equities analysts forecast that Five Below will post 4.93 EPS for the current year.

Insider Activity at Five Below

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 shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five Below

Several large investors have recently made changes to their positions in the company. Federated Hermes Inc. grew its holdings in shares of 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 buying an additional 1,480,361 shares in the last quarter. Steadfast Capital Management LP acquired a new position in Five Below in the fourth quarter valued at about $123,601,000. Marshall Wace LLP lifted its position in Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock valued at $243,529,000 after buying an additional 1,072,642 shares during the last quarter. American Century Companies Inc. lifted its position in Five Below by 494.5% in the first quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer's stock valued at $88,042,000 after buying an additional 977,411 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Five Below in the fourth quarter valued at approximately $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.

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