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

Five Below (NASDAQ:FIVE - Free Report) had its price objective increased by Citigroup from $80.00 to $121.00 in a research note published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the specialty retailer's stock.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Barclays decreased their price objective on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. The Goldman Sachs Group lifted their target price on Five Below from $94.00 to $107.00 and gave the company a "buy" rating in a report on Monday, May 19th. Guggenheim cut their price objective on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. Finally, Evercore ISI dropped their target price on Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $99.15.

Five Below Price Performance

Shares of NASDAQ FIVE traded down $0.97 during mid-day trading on Tuesday, reaching $115.70. 1,510,794 shares of the company's stock were exchanged, compared to its average volume of 2,094,577. The firm has a 50-day moving average price of $82.65 and a two-hundred day moving average price of $89.55. Five Below has a 52 week low of $52.38 and a 52 week high of $141.70. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87.

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

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five Below

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new stake in Five Below in the first quarter worth $29,000. Coppell Advisory Solutions LLC grew its stake in Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 253 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Five Below by 1,097.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock worth $34,000 after purchasing an additional 417 shares during the period. Bessemer Group Inc. grew its stake in Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 353 shares during the period. Finally, UMB Bank n.a. grew its stake in Five Below by 61.7% in the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 206 shares during the period.

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.