Five Below (NASDAQ:FIVE) Shares Gap Up - Still a Buy?

Five Below, Inc. (NASDAQ:FIVE - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $85.25, but opened at $100.74. Five Below shares last traded at $102.28, with a volume of 1,420,200 shares.

Wall Street Analysts Forecast Growth

FIVE has been the subject of several research analyst reports. DA Davidson reduced their price target on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays dropped their price target on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Truist Financial increased their price target on shares of Five Below from $65.00 to $81.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. StockNews.com upgraded shares of Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Mizuho lowered their target price on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. One research 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, Five Below currently has an average rating of "Hold" and a consensus target price of $97.25.

Five Below Stock Up 0.9%

The stock has a market cap of $5.86 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The business's 50-day simple moving average is $75.34 and its two-hundred day simple moving average is $88.07.

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

Insider Activity

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Five Below

Institutional investors have recently made changes to their positions in the business. Byrne Asset Management LLC purchased a new stake in Five Below in the 1st quarter worth approximately $29,000. Proficio Capital Partners LLC bought a new stake in Five Below in the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its position in Five Below by 1,097.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock worth $34,000 after buying an additional 417 shares during the last quarter. UMB Bank n.a. increased its stake in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 204 shares during the period. Finally, Bessemer Group Inc. increased its stake in Five Below by 246.9% in the first 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 period.

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.