Five Below (NASDAQ:FIVE) Price Target Raised to $132.00

Key Points

• Investment analysts at Evercore ISI have raised Five Below's price target from $129.00 to $132.00, indicating a potential upside of just 0.05% from the last closing price.
• The stock has received varied ratings from analysts, with one sell rating, thirteen hold ratings, and seven buy ratings, resulting in a consensus target price of $121.47.
• Five Below reported a 19.5% year-over-year increase in quarterly revenue, with earnings per share (EPS) of $0.86, surpassing estimates of $0.83.

Five Below (NASDAQ:FIVE - Get Free Report) had its price target lifted by investment analysts at Evercore ISI from $129.00 to $132.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's price target suggests a potential upside of 0.05% from the company's previous close.

Other equities research analysts have also issued reports about the stock. DA Davidson decreased their price objective on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company boosted their price objective on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Telsey Advisory Group boosted their price objective on shares of Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 4th. Citigroup upped their target price on shares of Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Loop Capital upgraded shares of Five Below from a "hold" rating to a "buy" rating and upped their target price for the company from $130.00 to $165.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Five Below has an average rating of "Hold" and a consensus target price of $121.47.

Five Below Stock Performance

NASDAQ FIVE opened at $131.94 on Tuesday. The firm has a 50 day simple moving average of $131.21 and a 200-day simple moving average of $100.80. Five Below has a one year low of $52.38 and a one year high of $143.88. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 27.66 and a beta of 1.06.

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

Insider Buying and Selling at Five Below

In other news, insider George Hill sold 4,500 shares of Five Below stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total transaction 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. The trade was a 9.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total value of $212,789.00. Following the sale, the insider directly owned 25,890 shares of the company's stock, 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. Insiders sold a total of 13,200 shares of company stock worth $1,740,209 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five Below

Several institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of Five Below by 653.8% during the 2nd quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of Five Below in the first quarter valued at approximately $29,000. Allworth Financial LP increased its position in shares of Five Below by 333.0% during the second quarter. Allworth Financial LP now owns 420 shares of the specialty retailer's stock valued at $55,000 after acquiring an additional 323 shares during the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after acquiring an additional 253 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of Five Below by 1,940.9% during the second quarter. True Wealth Design LLC now owns 449 shares of the specialty retailer's stock valued at $59,000 after acquiring an additional 427 shares during the last quarter.

About Five Below

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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