Loop Capital Issues Positive Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE - Get Free Report) had its target price lifted by analysts at Loop Capital from $90.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "hold" rating on the specialty retailer's stock. Loop Capital's price target suggests a potential upside of 2.08% from the company's previous close.

A number of other equities research analysts have also recently weighed in on FIVE. Mizuho upped their price objective on Five Below from $88.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday. Guggenheim reduced their target price on shares of Five Below from $140.00 to $125.00 and set a "buy" rating for the company in a report on Friday, March 21st. Morgan Stanley raised their price target on shares of Five Below from $110.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday. Telsey Advisory Group boosted their price objective on shares of Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, DA Davidson decreased their target price 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. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $112.40.

Five Below Stock Performance

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

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share 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 analyst estimates of $966.29 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below's revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. As a group, research analysts anticipate 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 shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now directly owns 12,658 shares of the company's stock, valued at $987,830.32. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Five Below

A number of large investors have recently made changes to their positions in the stock. Mattson Financial Services LLC boosted its holdings in Five Below by 41.1% in the first quarter. Mattson Financial Services LLC now owns 1,534 shares of the specialty retailer's stock valued at $115,000 after purchasing an additional 447 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Five Below in the first quarter valued at $2,946,000. Intech Investment Management LLC boosted its holdings in Five Below by 35.1% in the first quarter. Intech Investment Management LLC now owns 37,133 shares of the specialty retailer's stock valued at $2,782,000 after purchasing an additional 9,652 shares during the last quarter. Focus Partners Wealth boosted its holdings in Five Below by 63.8% in the first quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 1,503 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Five Below in the first quarter valued at $1,064,000.

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.