Evercore ISI Lowers Five Below (NASDAQ:FIVE) Price Target to $225.00

Five Below (NASDAQ:FIVE) had its target price cut by Evercore ISI from $230.00 to $225.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Evercore ISI’s price objective indicates a potential upside of 47.93% from the stock’s current price.

Several other research analysts have also weighed in on FIVE. JPMorgan Chase & Co. lowered their price objective on Five Below from $222.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Truist Financial lowered their price objective on Five Below from $214.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Craig Hallum lowered their price objective on Five Below from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, March 21st. UBS Group decreased their price target on Five Below from $270.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, Wells Fargo & Company decreased their price target on Five Below from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.83.

Five Below Price Performance

FIVE stock opened at $152.10 on Tuesday. The business has a 50 day simple moving average of $185.68 and a 200-day simple moving average of $185.90. The firm has a market capitalization of $8.40 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. Five Below has a 1 year low of $144.57 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.78 by ($0.13). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Five Below had a return on equity of 20.80% and a net margin of 8.46%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.07 earnings per share. On average, equities research analysts expect that Five Below will post 6.06 EPS for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $185.82, for a total value of $1,858,200.00. Following the sale, the director now directly owns 333,697 shares in the company, valued at $62,007,576.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Five Below

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Five Below during the fourth quarter worth about $26,000. Sunbelt Securities Inc. grew its holdings in shares of Five Below by 76.3% during the second quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Five Below during the first quarter worth about $28,000. Canada Pension Plan Investment Board grew its holdings in shares of Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 93 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in shares of Five Below during the fourth quarter worth about $34,000.

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.