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Five Below (NASDAQ:FIVE) Stock Price Expected to Rise, Evercore ISI Analyst Says

Five Below logo with Retail/Wholesale background

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

A number of other research firms have also weighed in on FIVE. Citigroup upped their price objective on Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. DA Davidson dropped their price target on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. 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 report on Thursday, June 5th. UBS Group boosted their target price on shares of Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Finally, The Goldman Sachs Group upped their target price on shares of Five Below from $107.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $113.30.

Get Our Latest Stock Analysis on Five Below

Five Below Trading Up 0.7%

Five Below stock traded up $0.91 during midday trading on Tuesday, hitting $130.83. The stock had a trading volume of 709,736 shares, compared to its average volume of 2,064,919. Five Below has a 52-week low of $52.38 and a 52-week high of $137.30. The company has a market capitalization of $7.20 billion, a PE ratio of 27.38 and a beta of 1.02. The firm's fifty day moving average is $104.85 and its two-hundred day moving average is $93.51.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The business had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. As a group, equities research analysts predict that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, insider George Hill sold 4,500 shares of the business's stock in a transaction 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 sale, the insider now directly owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amit Jhunjhunwala sold 1,700 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the transaction, the insider now directly owns 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. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five Below

A number of large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC increased its stake in shares of Five Below by 24.7% in the fourth quarter. Sanctuary Advisors LLC now owns 12,407 shares of the specialty retailer's stock worth $1,193,000 after acquiring an additional 2,460 shares during the period. Handelsbanken Fonder AB boosted its holdings in Five Below by 16.9% in the fourth quarter. Handelsbanken Fonder AB now owns 15,209 shares of the specialty retailer's stock valued at $1,596,000 after purchasing an additional 2,200 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Five Below during the 4th quarter worth about $442,000. Amalgamated Bank raised its stake in shares of Five Below by 1.5% during the 4th quarter. Amalgamated Bank now owns 26,808 shares of the specialty retailer's stock valued at $2,814,000 after buying an additional 388 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Five Below in the 4th quarter valued at about $31,000.

Five Below Company Profile

(Get Free Report)

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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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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