Morgan Stanley Issues Positive Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE - Free Report) had its price target lifted by Morgan Stanley from $110.00 to $135.00 in a report published on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the specialty retailer's stock.

Other research analysts also recently issued reports about the company. Citigroup boosted their target price on Five Below from $121.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday. Truist Financial boosted their target price on Five Below from $81.00 to $112.00 and gave the stock a "hold" rating in a report on Monday. Telsey Advisory Group boosted their target price on Five Below from $90.00 to $128.00 and gave the stock a "market perform" rating in a report on Wednesday. Barclays reduced their target price on Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. boosted their target price on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $112.40.

Five Below Trading Down 0.5%

FIVE stock traded down $0.67 during trading on Thursday, reaching $127.35. 1,581,012 shares of the stock were exchanged, compared to its average volume of 2,091,610. Five Below has a twelve month low of $52.38 and a twelve month high of $137.30. The company has a market capitalization of $7.01 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.19 and a beta of 1.02. The stock has a 50 day simple moving average of $87.34 and a 200-day simple moving average of $90.83.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data 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 company had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Equities analysts predict that Five Below will post 4.93 EPS for the current year.

Insider Buying and Selling

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the company'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 completion of the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Five Below

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Five Below by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer's stock valued at $406,430,000 after acquiring an additional 376,932 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer's stock valued at $254,012,000 after acquiring an additional 86,271 shares during the last quarter. Marshall Wace LLP raised its position in shares of Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock valued at $243,529,000 after acquiring an additional 1,072,642 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Five Below by 26,340.9% during the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer's stock valued at $111,337,000 after acquiring an additional 1,480,361 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new position in shares of Five Below in the 4th quarter valued at $123,601,000.

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.