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

Five Below (NASDAQ:FIVE - Free Report) had its price target lifted by Mizuho from $88.00 to $100.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer's stock.

Several other research firms have also issued reports on FIVE. Barclays dropped 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. Loop Capital upped their price target on Five Below from $85.00 to $90.00 and gave the company a "hold" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their price target on Five Below from $57.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Telsey Advisory Group upped their price target on Five Below from $85.00 to $90.00 and gave the company a "market perform" rating in a research report on Friday, May 2nd. Finally, Truist Financial upped their price target on Five Below from $81.00 to $112.00 and gave the company a "hold" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $110.40.

Five Below Stock Up 5.6%

Shares of FIVE traded up $6.78 during trading on Tuesday, reaching $128.02. The company's stock had a trading volume of 6,212,717 shares, compared to its average volume of 2,122,133. The company has a fifty day moving average of $86.32 and a two-hundred day moving average of $90.54. Five Below has a twelve month low of $52.38 and a twelve month high of $136.99. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.19 and a beta of 0.87.

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 (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business's revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. As a group, equities analysts forecast that Five Below will post 4.93 EPS for the current fiscal year.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FIVE. Byrne Asset Management LLC bought a new position in Five Below during the first quarter valued at about $29,000. Proficio Capital Partners LLC bought a new position in Five Below during the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd boosted 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 valued at $34,000 after buying an additional 417 shares in the last quarter. Bessemer Group Inc. boosted its stake 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 buying an additional 353 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after buying 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.