Five Below (NASDAQ:FIVE) Price Target Raised to $140.00

Five Below (NASDAQ:FIVE) had its price target boosted by Wells Fargo & Company from $115.00 to $140.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

FIVE has been the subject of a number of other research reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Bank of America lowered their price objective on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research report on Thursday, March 20th. Loop Capital boosted their price objective on shares of Five Below from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Monday, May 5th. Wall Street Zen raised shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Finally, UBS Group reduced their target price on shares of Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $112.40.

Five Below Stock Down 0.5%

Shares of NASDAQ:FIVE opened at $127.35 on Thursday. Five Below has a fifty-two week low of $52.38 and a fifty-two week high of $137.30. The firm has a 50-day simple moving average of $87.34 and a 200 day simple moving average of $90.89. The company has a market cap of $7.01 billion, a PE ratio of 26.26, a P/E/G ratio of 1.19 and a beta of 1.02.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $970.53 million during the quarter, compared to the consensus estimate of $966.29 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts forecast that Five Below will post 4.93 EPS for the current fiscal year.

Insider Transactions at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock valued at $1,278,000 after purchasing an additional 123 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock valued at $2,509,000 after purchasing an additional 150 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Five Below by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer’s stock valued at $501,000 after purchasing an additional 155 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 158 shares during the last quarter. Finally, Cornerstone Investment Partners LLC lifted its stake in Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after purchasing an additional 162 shares during 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.