Five Below (NASDAQ:FIVE - Get Free Report) had its price target raised by analysts at Wells Fargo & Company from $220.00 to $260.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the specialty retailer's stock. Wells Fargo & Company's price target would indicate a potential upside of 13.55% from the stock's current price.
A number of other equities research analysts have also recently commented on the company. Mizuho raised their price objective on Five Below from $185.00 to $205.00 and gave the company a "neutral" rating in a research note on Tuesday. Guggenheim set a $225.00 target price on Five Below in a research report on Wednesday, January 14th. Morgan Stanley increased their target price on Five Below from $190.00 to $220.00 and gave the stock an "equal weight" rating in a report on Thursday, January 15th. JPMorgan Chase & Co. lifted their price target on shares of Five Below from $246.00 to $259.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Finally, Citigroup boosted their price target on shares of Five Below from $150.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.05.
Read Our Latest Report on FIVE
Five Below Stock Performance
Shares of NASDAQ FIVE traded up $16.51 during trading on Thursday, hitting $228.98. 908,218 shares of the company traded hands, compared to its average volume of 1,031,634. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 41.36, a P/E/G ratio of 1.64 and a beta of 1.10. The business's fifty day moving average is $206.39 and its 200 day moving average is $177.41. Five Below has a fifty-two week low of $52.38 and a fifty-two week high of $229.33.
Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, beating the consensus estimate of $4.00 by $0.31. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $3.48 EPS. The firm's revenue for the quarter was up 24.3% compared to the same quarter last year. On average, analysts predict that Five Below will post 4.93 EPS for the current year.
Insider Activity at Five Below
In related news, COO Kenneth R. Bull sold 5,100 shares of Five Below stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $203.21, for a total transaction of $1,036,371.00. Following the transaction, the chief operating officer owned 101,040 shares of the company's stock, valued at $20,532,338.40. The trade was a 4.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Eric M. Specter sold 8,500 shares of the stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total value of $1,709,775.00. Following the completion of the sale, the chief accounting officer directly owned 45,724 shares of the company's stock, valued at $9,197,382.60. The trade was a 15.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 15,525 shares of company stock worth $3,135,554. 1.90% of the stock is owned by insiders.
Institutional Trading of Five Below
Several institutional investors and hedge funds have recently made changes to their positions in FIVE. Rockefeller Capital Management L.P. boosted its holdings in Five Below by 35.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 681 shares of the specialty retailer's stock worth $128,000 after purchasing an additional 180 shares during the last quarter. Corient Private Wealth LLC grew its position in Five Below by 88.9% in the 4th quarter. Corient Private Wealth LLC now owns 9,352 shares of the specialty retailer's stock worth $1,762,000 after purchasing an additional 4,402 shares in the last quarter. Bayban purchased a new stake in Five Below in the 4th quarter valued at about $34,000. Pacer Advisors Inc. lifted its position in shares of Five Below by 24.1% during the 4th quarter. Pacer Advisors Inc. now owns 8,993 shares of the specialty retailer's stock worth $1,694,000 after buying an additional 1,748 shares in the last quarter. Finally, Kera Capital Partners Inc. lifted its position in shares of Five Below by 25.8% during the 4th quarter. Kera Capital Partners Inc. now owns 4,002 shares of the specialty retailer's stock worth $767,000 after buying an additional 821 shares in the last quarter.
More Five Below News
Here are the key news stories impacting Five Below this week:
About Five Below
(
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Five Below, Inc NASDAQ: FIVE is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.
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