Evercore ISI Raises Five Below (NASDAQ:FIVE) Price Target to $120.00

Five Below (NASDAQ:FIVE - Get Free Report) had its price target increased by investment analysts at Evercore ISI from $115.00 to $120.00 in a report released on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's price target would indicate a potential downside of 4.10% from the company's previous close.

A number of other brokerages have also recently issued reports on FIVE. Morgan Stanley increased their price objective on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Citigroup upped their price objective on Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Guggenheim cut their target price on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Barclays lowered their price target on Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Finally, Bank of America boosted their target price on shares of Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Five Below presently has a consensus rating of "Hold" and a consensus price target of $112.65.

Five Below Stock Up 0.6%

Shares of FIVE stock traded up $0.72 during trading hours on Tuesday, reaching $125.13. 223,235 shares of the company's stock were exchanged, compared to its average volume of 2,066,549. Five Below has a fifty-two week low of $52.38 and a fifty-two week high of $137.30. The stock has a market capitalization of $6.89 billion, a P/E ratio of 26.19 and a beta of 1.02. The business has a fifty day moving average price of $101.06 and a 200-day moving average price of $92.93.

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 (EPS) for the quarter, beating 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 firm had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. During the same period in the previous year, the company posted $0.60 earnings per share. The company's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, research analysts expect that Five Below will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider George Hill sold 4,500 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly owns 44,130 shares in the company, valued at $5,866,200.90. This represents a 9.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the sale, the insider now directly owns 25,890 shares in the company, valued at $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. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Five Below

A number of institutional investors and hedge funds have recently bought and sold shares of FIVE. Byrne Asset Management LLC bought a new position in shares of Five Below during the first quarter worth about $29,000. Coppell Advisory Solutions LLC increased its position in shares of Five Below by 143.8% during the fourth 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 raised its stake in Five Below by 1,097.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock worth $34,000 after buying an additional 417 shares during the last quarter. Bessemer Group Inc. boosted its position in Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 353 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Five Below by 61.7% in the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 206 shares in the last quarter.

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.

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