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

Key Points

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Five Below (NASDAQ:FIVE - Get Free Report) had its target price increased by investment analysts at Mizuho from $115.00 to $132.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the specialty retailer's stock. Mizuho's price target would indicate a potential downside of 6.96% from the stock's previous close.

A number of other equities analysts also recently commented on FIVE. UBS Group boosted their target price on shares of Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Bank of America upped their price objective on shares of Five Below from $78.00 to $93.00 and gave the company an "underperform" rating in a research note on Thursday, June 5th. Citigroup upped their price objective on shares of Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Morgan Stanley upped their price objective on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Finally, Evercore ISI upped their price objective on shares of Five Below from $129.00 to $132.00 and gave the company an "in-line" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $123.16.

Five Below Trading Up 5.1%

NASDAQ:FIVE opened at $141.88 on Tuesday. The firm has a market cap of $7.81 billion, a PE ratio of 29.74 and a beta of 1.06. The stock has a fifty day moving average price of $132.46 and a 200 day moving average price of $102.28. Five Below has a 12-month low of $52.38 and a 12-month high of $143.88.

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

Insider Transactions at Five Below

In other news, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the transaction, the insider directly owned 25,890 shares of the company's stock, valued at approximately $3,240,651.30. This represents a 6.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 5,500 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total transaction of $719,235.00. Following the completion of the transaction, the chief accounting officer directly owned 55,854 shares of the company's stock, valued at approximately $7,304,027.58. This trade represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,200 shares of company stock valued at $1,740,209. Corporate insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System increased its stake in shares of Five Below by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the specialty retailer's stock worth $2,033,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Five Below by 0.8% during the 2nd 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 in the last quarter. Lazard Asset Management LLC increased its stake in shares of Five Below by 7.9% during the 2nd quarter. Lazard Asset Management LLC now owns 1,633 shares of the specialty retailer's stock worth $213,000 after purchasing an additional 120 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Five Below by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock worth $501,000 after purchasing an additional 155 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Five Below by 13.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock worth $143,000 after purchasing an additional 158 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.

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