Five Below (NASDAQ:FIVE) had its target price boosted by analysts at Morgan Stanley from $175.00 to $220.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the specialty retailer's stock. Morgan Stanley's target price points to a potential upside of 18.15% from the company's previous close.
A number of other research firms have also weighed in on FIVE. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Five Below from $140.00 to $180.00 in a research note on Thursday, December 3rd. Oppenheimer reiterated a "buy" rating and set a $195.00 price target (up from $140.00) on shares of Five Below in a research report on Friday, December 11th. Wells Fargo & Company upped their price objective on Five Below from $155.00 to $182.00 and gave the stock an "overweight" rating in a research report on Monday, November 30th. Barclays raised their price objective on shares of Five Below from $120.00 to $143.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Five Below from $178.00 to $195.00 and gave the company an "overweight" rating in a research note on Monday, January 4th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and a consensus price target of $171.22.
Shares of NASDAQ:FIVE traded up $1.54 during trading on Wednesday, hitting $186.20. The stock had a trading volume of 1,396 shares, compared to its average volume of 854,678. The stock has a 50-day simple moving average of $170.30 and a two-hundred day simple moving average of $136.43. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 95.59, a price-to-earnings-growth ratio of 4.44 and a beta of 1.19. Five Below has a 12-month low of $47.53 and a 12-month high of $197.45.
Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Tuesday, December 1st. The specialty retailer reported $0.36 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.16. The firm had revenue of $476.61 million for the quarter, compared to analyst estimates of $444.91 million. Five Below had a net margin of 6.13% and a return on equity of 14.72%. The business's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. Equities research analysts anticipate that Five Below will post 2.11 earnings per share for the current year.
In other Five Below news, CFO Kenneth R. Bull sold 10,500 shares of the stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $192.50, for a total value of $2,021,250.00. Following the completion of the sale, the chief financial officer now owns 77,010 shares in the company, valued at approximately $14,824,425. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joel D. Anderson sold 35,661 shares of the stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $161.17, for a total transaction of $5,747,483.37. Following the completion of the sale, the chief executive officer now owns 256,228 shares of the company's stock, valued at approximately $41,296,266.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,961 shares of company stock valued at $13,844,509. 2.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC grew its position in Five Below by 2.1% in the third quarter. ProShare Advisors LLC now owns 3,952 shares of the specialty retailer's stock worth $502,000 after acquiring an additional 81 shares during the period. State of Michigan Retirement System lifted its stake in shares of Five Below by 0.5% in the 3rd quarter. State of Michigan Retirement System now owns 20,340 shares of the specialty retailer's stock valued at $2,583,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Five Below by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the specialty retailer's stock worth $2,450,000 after purchasing an additional 100 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Five Below by 43.2% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 338 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 102 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Five Below by 46.4% in the 3rd quarter. Huntington National Bank now owns 388 shares of the specialty retailer's stock valued at $49,000 after buying an additional 123 shares during the period.
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty dÃ©cor, and related items, as well as provides storage options for the customers room.
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