Bank of America Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE - Get Free Report) had its price objective increased by stock analysts at Bank of America from $78.00 to $93.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "underperform" rating on the specialty retailer's stock. Bank of America's price target suggests a potential downside of 26.97% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. Mizuho upped their price objective on shares of Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday. Citigroup upped their price target on shares of Five Below from $121.00 to $135.00 and gave the company a "neutral" rating in a report on Wednesday. Guggenheim cut their price objective on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group upped their price objective on shares of Five Below from $107.00 to $122.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Evercore ISI increased their price target on shares of Five Below from $98.00 to $115.00 and gave the stock an "in-line" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $112.40.

Five Below Stock Down 0.5%

Shares of Five Below stock traded down $0.67 on Thursday, hitting $127.35. 1,581,012 shares of the company traded hands, compared to its average volume of 2,091,610. The company has a 50-day moving average price of $87.34 and a 200 day moving average price of $90.83. Five Below has a 12-month low of $52.38 and a 12-month high of $137.30. The company has a market cap of $7.01 billion, a PE ratio of 26.26, a PEG ratio of 1.19 and a beta of 1.02.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $970.53 million for the quarter, compared to analysts' expectations of $966.29 million. During the same period in the previous year, the company posted $0.60 EPS. Five Below's revenue was up 19.5% on a year-over-year basis. Equities research analysts anticipate that Five Below will post 4.93 EPS for the current year.

Insider Transactions at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Five Below

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its position in shares of Five Below by 1.0% during the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after purchasing an additional 123 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Five Below by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after purchasing an additional 150 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Five Below by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock worth $501,000 after purchasing an additional 155 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Five Below by 13.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock worth $143,000 after purchasing an additional 158 shares in the last quarter. Finally, Cornerstone Investment Partners LLC boosted its position in shares of Five Below by 3.5% during the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock worth $497,000 after purchasing an additional 162 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.