Five Below (NASDAQ:FIVE) Price Target Raised to $90.00 at Loop Capital

Five Below (NASDAQ:FIVE - Get Free Report) had its price target hoisted by investment analysts at Loop Capital from $85.00 to $90.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the specialty retailer's stock. Loop Capital's price target would indicate a potential upside of 6.76% from the company's previous close.

FIVE has been the subject of a number of other reports. Mizuho cut their target price on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Bank of America decreased their target price on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research report on Thursday, March 20th. StockNews.com upgraded Five Below from a "sell" rating to a "hold" rating in a research report on Monday, March 24th. Truist Financial upped their price objective on Five Below from $65.00 to $81.00 and gave the company a "hold" rating in a research report on Monday. Finally, DA Davidson dropped their target price on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Five Below has an average rating of "Hold" and an average target price of $97.25.

Five Below Stock Performance

FIVE traded down $0.01 during trading on Monday, reaching $84.30. 1,026,364 shares of the company traded hands, compared to its average volume of 2,013,317. The company has a market cap of $4.64 billion, a P/E ratio of 17.42, a PEG ratio of 1.19 and a beta of 0.87. Five Below has a 12-month low of $52.38 and a 12-month high of $146.97. The firm has a fifty day simple moving average of $73.30 and a 200 day simple moving average of $87.79.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $3.65 EPS. Five Below's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Five Below

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIVE. UMB Bank n.a. boosted its holdings in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after buying an additional 204 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Five Below in the first quarter worth $29,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Five Below in the 3rd quarter worth $42,000. Finally, Bessemer Group Inc. grew its stake in Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock worth $37,000 after buying an additional 353 shares during 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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