Five Below (NASDAQ:FIVE) Shares Gap Up After Analyst Upgrade

Five Below, Inc. (NASDAQ:FIVE - Get Free Report)'s stock price gapped up prior to trading on Friday after Loop Capital raised their price target on the stock from $85.00 to $90.00. The stock had previously closed at $75.36, but opened at $84.45. Loop Capital currently has a hold rating on the stock. Five Below shares last traded at $80.77, with a volume of 561,762 shares traded.

Other equities analysts also recently issued reports about the company. Mizuho lowered their price target on Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Evercore ISI decreased their price target on Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Guggenheim dropped their price target on Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Telsey Advisory Group lifted their price objective on Five Below from $85.00 to $90.00 and gave the stock a "market perform" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their target price on shares of Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Five Below currently has an average rating of "Hold" and an average target price of $97.25.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five Below

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

Five Below Price Performance

The firm's fifty day moving average price is $73.05 and its 200-day moving average price is $87.66. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.19 and a beta of 0.87.

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

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.