Analysts Set Five Below, Inc. (NASDAQ:FIVE) Price Target at $97.25

Shares of Five Below, Inc. (NASDAQ:FIVE) have been given a consensus rating of “Hold” by the twenty-one ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $97.50.

Several research analysts recently issued reports on FIVE shares. The Goldman Sachs Group upped their target price on shares of Five Below from $94.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday. Telsey Advisory Group lifted their price target on Five Below from $85.00 to $90.00 and gave the stock a “market perform” rating in a research note on Friday, May 2nd. Barclays dropped their price target on Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. UBS Group decreased their price objective on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction dated 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 owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five Below

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Five Below by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer’s stock worth $406,430,000 after buying an additional 376,932 shares during the last quarter. Wasatch Advisors LP lifted its stake in Five Below by 3.7% in the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after acquiring an additional 86,271 shares during the period. Marshall Wace LLP lifted its stake in Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after acquiring an additional 1,072,642 shares during the period. Federated Hermes Inc. raised its holdings in Five Below by 26,340.9% in the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock worth $111,337,000 after purchasing an additional 1,480,361 shares in the last quarter. Finally, Steadfast Capital Management LP bought a new position in Five Below in the 4th quarter worth $123,601,000.

Five Below Trading Up 2.7%

Shares of FIVE opened at $111.93 on Friday. The company has a market cap of $6.16 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The stock has a 50-day moving average price of $76.84 and a 200-day moving average price of $88.24. Five Below has a 12-month low of $52.38 and a 12-month high of $141.70.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $3.65 earnings per share. As a group, analysts predict that Five Below will post 4.93 earnings per share 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.