Five Below (NASDAQ:FIVE) Upgraded at Loop Capital

Loop Capital upgraded shares of Five Below (NASDAQ:FIVE) from a hold rating to a buy rating in a research report report published on Tuesday, MarketBeat.com reports. The brokerage currently has $165.00 price objective on the specialty retailer’s stock, up from their prior price objective of $130.00.

Several other research analysts have also issued reports on FIVE. Evercore ISI increased their target price on shares of Five Below from $115.00 to $120.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 24th. Bank of America raised their price objective on shares of Five Below from $78.00 to $93.00 and gave the company an “underperform” rating in a research note on Thursday, June 5th. Wells Fargo & Company raised their price objective on shares of Five Below from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, June 5th. Citigroup raised their price objective on shares of Five Below from $121.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group raised their price objective on shares of Five Below from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $121.47.

Five Below Stock Up 4.6%

Shares of NASDAQ FIVE opened at $137.98 on Tuesday. The firm has a market cap of $7.60 billion, a PE ratio of 28.93 and a beta of 1.06. Five Below has a 12-month low of $52.38 and a 12-month high of $143.88. The company’s fifty day simple moving average is $131.52 and its 200 day simple moving average is $101.06.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $970.53 million for the quarter, compared to analyst estimates of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. Five Below’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities analysts predict that Five Below will post 4.93 earnings per share for the current year.

Insider Activity at Five Below

In other Five Below news, insider George Hill sold 4,500 shares of Five Below stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the sale, the insider owned 44,130 shares of the company’s stock, valued at approximately $5,866,200.90. The trade was a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the sale, the insider directly owned 25,890 shares in the company, valued at approximately $3,240,651.30. This represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,200 shares of company stock valued at $1,740,209 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in shares of Five Below by 653.8% in the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Byrne Asset Management LLC purchased a new position in shares of Five Below in the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Five Below by 1,097.4% in the first 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 in the last quarter. Bessemer Group Inc. increased its stake in shares of Five Below by 246.9% in the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 353 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Five Below by 61.7% in the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 206 shares in the last quarter.

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.