The Goldman Sachs Group Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE - Get Free Report) had its target price boosted by analysts at The Goldman Sachs Group from $122.00 to $135.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty retailer's stock. The Goldman Sachs Group's price objective indicates a potential upside of 3.36% from the company's previous close.

Several other research analysts also recently commented on FIVE. Wall Street Zen raised Five Below from a "sell" rating to a "hold" rating in a research note on Monday, March 24th. 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 research report on Thursday, June 5th. Evercore ISI increased their target price on shares of Five Below from $115.00 to $120.00 and gave the stock an "in-line" rating in a research note on Tuesday. DA Davidson cut their target price on shares of Five Below from $50.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Guggenheim dropped their price objective on shares of Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $113.30.

Five Below Trading Up 0.5%

Shares of NASDAQ:FIVE traded up $0.69 on Wednesday, hitting $130.61. The company had a trading volume of 2,179,366 shares, compared to its average volume of 2,073,803. Five Below has a 1-year low of $52.38 and a 1-year high of $137.30. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 27.38 and a beta of 1.02. The stock has a 50 day moving average price of $106.12 and a 200 day moving average price of $93.66.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $970.53 million during the quarter, compared to analysts' expectations of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. Five Below's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Sell-side analysts anticipate that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

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

Hedge Funds Weigh In On Five Below

Large investors have recently modified their holdings of the company. Byrne Asset Management LLC bought a new position in shares of Five Below in the first quarter valued at approximately $29,000. Proficio Capital Partners LLC bought a new stake in Five Below during the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd lifted its position in Five Below by 1,097.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock valued at $34,000 after purchasing an additional 417 shares during the last quarter. Bessemer Group Inc. lifted its position in Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after purchasing an additional 353 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 206 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.