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

Key Points

• Evercore ISI has raised its target price for Five Below stock from $132.00 to $134.00, indicating a potential downside of 5.52% based on the previous close.
• Multiple analysts have issued positive revisions of their price targets for Five Below stock, with notable increases from firms like Telsey Advisory Group and Wells Fargo, indicating growing confidence in the retail company.
• Five Below reported a year-over-year revenue increase of 19.5% and exceeded earnings expectations for its latest quarter, demonstrating strong financial performance amidst favorable analyst sentiments.

Five Below (NASDAQ:FIVE - Get Free Report) had its target price increased by investment analysts at Evercore ISI from $132.00 to $134.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's target price indicates a potential downside of 5.52% from the company's previous close.

FIVE has been the topic of several other research reports. Telsey Advisory Group upped their price target on Five Below from $128.00 to $144.00 and gave the stock a "market perform" rating in a report on Friday. Wells Fargo & Company upped their price target on Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. The Goldman Sachs Group upped their price objective on Five Below from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Loop Capital raised Five Below from a "hold" rating to a "buy" rating and upped their price objective for the stock from $130.00 to $165.00 in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. upped their price objective on Five Below from $105.00 to $154.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $124.47.

Five Below Stock Up 0.9%

NASDAQ FIVE traded up $1.3340 during trading hours on Tuesday, hitting $141.8240. 76,770 shares of the company were exchanged, compared to its average volume of 1,916,986. The company has a 50 day moving average of $134.10 and a two-hundred day moving average of $103.94. Five Below has a 52-week low of $52.38 and a 52-week high of $144.68. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 29.69 and a beta of 1.06.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results 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. Five Below had a return on equity of 17.00% and a net margin of 6.52%.The company had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. During the same quarter in the prior year, the business earned $0.60 EPS. Five Below's revenue was up 19.5% on a year-over-year basis. Five Below has set its FY 2025 guidance at 4.250-4.720 EPS. Q2 2025 guidance at 0.500-0.620 EPS. On average, equities research analysts predict that Five Below will post 4.93 EPS for the current year.

Insider Activity at Five Below

In related news, insider George Hill sold 1,500 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $140.00, for a total value of $210,000.00. Following the completion of the sale, the insider directly owned 42,672 shares of the company's stock, valued at $5,974,080. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Eric M. Specter sold 5,500 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the sale, the chief accounting officer directly owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This trade represents a 8.96% 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

Hedge funds have recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC acquired a new stake in Five Below during the 1st quarter worth approximately $247,000. PNC Financial Services Group Inc. lifted its position in Five Below by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock worth $501,000 after acquiring an additional 155 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Five Below by 100.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,459 shares of the specialty retailer's stock worth $1,083,000 after acquiring an additional 7,258 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in Five Below by 7,542.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer's stock worth $30,160,000 after acquiring an additional 283,591 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Five Below by 122.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 242,509 shares of the specialty retailer's stock worth $18,547,000 after acquiring an additional 133,698 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.

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