Five Below (NASDAQ:FIVE) Given New $140.00 Price Target at Wells Fargo & Company

Five Below (NASDAQ:FIVE - Get Free Report) had its target price raised by analysts at Wells Fargo & Company from $115.00 to $140.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the specialty retailer's stock. Wells Fargo & Company's price target suggests a potential upside of 9.36% from the company's previous close.

A number of other brokerages have also commented on FIVE. Mizuho increased their price target on Five Below from $88.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday. The Goldman Sachs Group increased their price target on Five Below from $107.00 to $122.00 and gave the company a "buy" rating in a research note on Wednesday. DA Davidson lowered their price objective on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. UBS Group lowered their price objective on Five Below from $150.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Finally, Bank of America lowered their price objective on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a research note on Thursday, March 20th. One 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $110.40.

Five Below Stock Up 5.6%

Five Below stock traded up $6.78 during midday trading on Thursday, reaching $128.02. 6,212,717 shares of the stock traded hands, compared to its average volume of 2,122,133. The stock's fifty day moving average is $86.32 and its 200-day moving average is $90.54. Five Below has a 12 month low of $52.38 and a 12 month high of $136.99. The stock has a market cap of $7.05 billion, a P/E ratio of 26.40, a PEG ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. On average, equities analysts predict that Five Below will post 4.93 EPS for the current fiscal year.

Insider Transactions at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FIVE. Byrne Asset Management LLC purchased a new position in Five Below during the 1st quarter worth $29,000. Proficio Capital Partners LLC purchased a new position in Five Below during the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its holdings in Five Below by 1,097.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer's stock worth $34,000 after purchasing an additional 417 shares during the period. Bessemer Group Inc. boosted its position in Five Below by 246.9% during the 1st quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 353 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Five Below by 61.7% during the 1st quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer's stock valued at $40,000 after acquiring an additional 206 shares in the last quarter.

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.