Five Below (NASDAQ:FIVE) Price Target Raised to $110.00

Key Points

• Bank of America raised its price target for Five Below from $93.00 to $110.00, while still maintaining an "underperform" rating, indicating a potential downside of 26.29% from the current price.
• Other analysts, such as Telsey Advisory Group and Morgan Stanley, set higher price targets of $170.00 and $135.00 respectively, with an overall average target price of $133.68 across various analysts.
• Five Below reported better-than-expected earnings, with a net revenue of $1.03 billion and earnings per share of $0.81, surpassing analysts' expectations and reflecting a 23.7% year-over-year increase in revenue.

Five Below (NASDAQ:FIVE - Get Free Report) had its price target upped by analysts at Bank of America from $93.00 to $110.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "underperform" rating on the specialty retailer's stock. Bank of America's target price would suggest a potential downside of 26.29% from the stock's current price.

Other research analysts also recently issued research reports about the stock. Telsey Advisory Group upgraded shares of Five Below from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $144.00 to $170.00 in a research report on Thursday. Morgan Stanley lifted their target price on shares of Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Mizuho increased their price target on shares of Five Below from $115.00 to $132.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. Barclays set a $135.00 target price on shares of Five Below in a research note on Thursday. Finally, Citigroup restated a "neutral" rating on shares of Five Below in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Five Below presently has an average rating of "Hold" and an average target price of $133.68.

Five Below Trading Up 3.3%

Shares of FIVE traded up $4.82 during mid-day trading on Thursday, hitting $149.23. 1,993,527 shares of the company traded hands, compared to its average volume of 1,928,823. The business has a 50-day moving average of $134.89 and a 200 day moving average of $104.48. Five Below has a one year low of $52.38 and a one year high of $154.30. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 31.23 and a beta of 1.06.

Five Below (NASDAQ:FIVE - Get Free Report) last released its earnings results on Wednesday, August 27th. The specialty retailer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.20. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $988.91 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The firm's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Five Below has set its FY 2025 guidance at 4.760-5.160 EPS. Q3 2025 guidance at 0.120-0.240 EPS. As a group, analysts anticipate that Five Below will post 4.93 earnings per share for the current year.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,500 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the sale, the chief accounting officer directly owned 55,854 shares in the company, valued at $7,304,027.58. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider George Hill sold 4,500 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the completion of the transaction, the insider directly owned 44,130 shares in the company, valued at approximately $5,866,200.90. This trade represents a 9.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,200 shares of company stock worth $1,740,209 over the last three months. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Five Below

Institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its stake in shares of Five Below by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the specialty retailer's stock valued at $2,033,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System grew its stake in shares of Five Below by 0.8% in the second quarter. State of Michigan Retirement System now owns 13,222 shares of the specialty retailer's stock worth $1,734,000 after purchasing an additional 100 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Five Below by 7.9% during the second quarter. Lazard Asset Management LLC now owns 1,633 shares of the specialty retailer's stock valued at $213,000 after purchasing an additional 120 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Five Below by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock worth $501,000 after acquiring an additional 155 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Five Below by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 6,440 shares of the specialty retailer's stock valued at $482,000 after acquiring an additional 165 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.

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