Brokerages Set Five Below, Inc. (NASDAQ:FIVE) PT at $111.32

Five Below, Inc. (NASDAQ:FIVE) has been given an average recommendation of “Hold” by the twenty analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $111.32.

FIVE has been the topic of a number of recent research reports. Truist Financial raised their price objective on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Mizuho raised their price target on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company upped their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group raised their target price on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Craig Hallum upped their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atreides Management LP bought a new position in Five Below during the 3rd quarter worth approximately $68,649,000. Two Sigma Advisers LP bought a new position in Five Below during the third quarter worth $64,981,000. Holocene Advisors LP acquired a new position in Five Below in the third quarter valued at $38,829,000. Wellington Management Group LLP boosted its position in Five Below by 1,042.4% during the third quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after acquiring an additional 356,776 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Five Below by 1,094.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock worth $32,349,000 after acquiring an additional 335,493 shares during the period.

Five Below Stock Performance

NASDAQ:FIVE opened at $90.07 on Friday. Five Below has a 52 week low of $64.87 and a 52 week high of $212.01. The firm’s 50-day simple moving average is $100.96 and its 200 day simple moving average is $90.68. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.26 and a beta of 1.12.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. Sell-side analysts anticipate that Five Below will post 4.93 EPS for the current year.

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.