Five Below (NASDAQ:FIVE) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Five Below (NASDAQ:FIVE - Get Free Report) had its price target upped by analysts at The Goldman Sachs Group from $122.00 to $135.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the specialty retailer's stock. The Goldman Sachs Group's price objective suggests a potential upside of 7.37% from the company's previous close.

FIVE has been the subject of a number of other research reports. UBS Group lifted their price objective on Five Below from $110.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Morgan Stanley lifted their price objective on Five Below from $110.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Wall Street Zen upgraded shares of Five Below from a "sell" rating to a "hold" rating in a report on Monday, March 24th. Truist Financial increased their price objective on shares of Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Five Below from $115.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. One equities 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $113.30.

Five Below Stock Up 1.2%

Shares of Five Below stock traded up $1.45 on Wednesday, hitting $125.73. The company's stock had a trading volume of 284,901 shares, compared to its average volume of 2,065,075. Five Below has a 52-week low of $52.38 and a 52-week high of $137.30. The firm has a fifty day moving average price of $102.29 and a 200-day moving average price of $93.15. The company has a market capitalization of $6.92 billion, a P/E ratio of 26.33 and a beta of 1.02.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The business had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. During the same period in the previous year, the firm earned $0.60 EPS. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, analysts expect that Five Below will post 4.93 earnings per share for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $125.17, for a total value of $212,789.00. Following the completion of the sale, the insider now owns 25,890 shares of the company's stock, valued at $3,240,651.30. This trade represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George Hill sold 4,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $132.93, for a total transaction of $598,185.00. Following the completion of the sale, the insider now directly owns 44,130 shares of the company's stock, valued at $5,866,200.90. This trade represents a 9.25% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Five Below

Several large investors have recently bought and sold shares of FIVE. Voya Investment Management LLC boosted its stake in shares of Five Below by 4.2% during the 1st quarter. Voya Investment Management LLC now owns 271,497 shares of the specialty retailer's stock valued at $20,342,000 after buying an additional 10,841 shares during the last quarter. Mattson Financial Services LLC boosted its stake in shares of Five Below by 41.1% during the 1st quarter. Mattson Financial Services LLC now owns 1,534 shares of the specialty retailer's stock valued at $115,000 after buying an additional 447 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Five Below during the 1st quarter valued at approximately $2,946,000. Intech Investment Management LLC boosted its stake in shares of Five Below by 35.1% during the 1st quarter. Intech Investment Management LLC now owns 37,133 shares of the specialty retailer's stock valued at $2,782,000 after buying an additional 9,652 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Five Below by 63.8% during the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer's stock valued at $289,000 after buying an additional 1,503 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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