Five Below (NASDAQ:FIVE) Price Target Raised to $154.00

Five Below (NASDAQ:FIVE - Get Free Report) had its price target increased by analysts at JPMorgan Chase & Co. from $105.00 to $154.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the specialty retailer's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 10.02% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. The Goldman Sachs Group raised their price objective on shares of Five Below from $122.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Loop Capital lifted their price target on shares of Five Below from $90.00 to $130.00 and gave the company a "hold" rating in a report on Friday, June 6th. UBS Group lifted their price target 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. Finally, Morgan Stanley upped their price target 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. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $119.00.

Five Below Stock Performance

Five Below stock opened at $139.97 on Monday. Five Below has a fifty-two week low of $52.38 and a fifty-two week high of $141.77. The firm's fifty day moving average price is $122.50 and its 200-day moving average price is $96.27. The stock has a market cap of $7.71 billion, a P/E ratio of 29.34 and a beta of 1.04.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, beating the consensus estimate 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Sell-side analysts predict that Five Below will post 4.93 earnings per share for the current year.

Insiders Place Their Bets

In other Five Below news, insider George Hill sold 4,500 shares of Five Below stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the sale, the insider directly owned 44,130 shares in the company, valued at $5,866,200.90. This trade represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the transaction, the insider owned 25,890 shares of the company's stock, valued at $3,240,651.30. This trade represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,700 shares of company stock valued at $1,530,209 over the last ninety days. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIVE. Proficio Capital Partners LLC purchased a new position in Five Below during the 4th quarter worth $31,000. HighTower Advisors LLC raised its holdings in Five Below by 27.5% in the fourth quarter. HighTower Advisors LLC now owns 6,970 shares of the specialty retailer's stock valued at $732,000 after buying an additional 1,504 shares during the period. Corient Private Wealth LLC purchased a new position in Five Below in the fourth quarter valued at approximately $256,000. Xponance Inc. grew its position in Five Below by 4.7% in the fourth quarter. Xponance Inc. now owns 10,198 shares of the specialty retailer's stock valued at $1,070,000 after acquiring an additional 458 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Five Below by 869.2% during the fourth quarter. American Century Companies Inc. now owns 197,664 shares of the specialty retailer's stock worth $20,747,000 after buying an additional 177,269 shares in 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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