Five Below (NASDAQ:FIVE - Free Report) had its price objective lifted by JPMorgan Chase & Co. from $105.00 to $154.00 in a research report sent to investors on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the specialty retailer's stock.
FIVE has been the topic of a number of other research reports. Bank of America boosted their price objective on Five Below from $78.00 to $93.00 and gave the stock an "underperform" rating in a research note on Thursday, June 5th. 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 note on Monday, June 2nd. UBS Group raised their price objective on Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Mizuho upped their target price on shares of Five Below from $88.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Wall Street Zen upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $119.00.
View Our Latest Research Report on FIVE
Five Below Stock Down 1.5%
Shares of Five Below stock traded down $2.03 during mid-day trading on Monday, reaching $137.34. 297,231 shares of the stock traded hands, compared to its average volume of 2,064,895. The business has a 50-day moving average of $123.99 and a 200 day moving average of $96.87. Five Below has a fifty-two week low of $52.38 and a fifty-two week high of $142.13. The stock has a market capitalization of $7.56 billion, a PE ratio of 28.79 and a beta of 1.04.
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, beating analysts' consensus estimates of $0.83 by $0.03. The business had revenue of $970.53 million during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. On average, equities research analysts expect 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 the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Eric M. Specter sold 5,500 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.77, for a total value of $719,235.00. Following the completion of the transaction, the chief accounting officer owned 55,854 shares in the company, valued at $7,304,027.58. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,200 shares of company stock worth $1,740,209 over the last three months. Insiders own 1.90% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new position in Five Below in the 1st quarter valued at approximately $29,000. Proficio Capital Partners LLC acquired a new stake in shares of Five Below during the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Five Below by 1,097.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock valued at $34,000 after purchasing an additional 417 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 353 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Five Below by 61.7% in the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock worth $40,000 after acquiring an additional 206 shares during the period.
About Five Below
(
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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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