Five Below (NASDAQ:FIVE) Given New $98.00 Price Target at Evercore ISI

Five Below (NASDAQ:FIVE) had its price target upped by research analysts at Evercore ISI from $94.00 to $98.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s price objective points to a potential downside of 16.00% from the company’s current price.

FIVE has been the subject of a number of other research reports. UBS Group reduced their price objective on Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Truist Financial upped their price target on Five Below from $65.00 to $81.00 and gave the company a “hold” rating in a research report on Monday, May 5th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Mizuho dropped their price target on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Finally, Guggenheim dropped their price target on Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $99.15.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $116.67 on Wednesday. The company has a market capitalization of $6.42 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The business has a fifty day moving average price of $81.87 and a two-hundred day moving average price of $89.33. Five Below has a 1 year low of $52.38 and a 1 year high of $141.70.

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

Insider Buying and Selling

In related news, EVP Ronald James Masciantonio sold 584 shares of the 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 sale, the executive vice president now 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 document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Five Below

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can raised its holdings in shares of Five Below by 1.0% in the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock valued at $1,278,000 after acquiring an additional 123 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Five Below by 0.6% in the 4th 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 acquiring an additional 150 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Five Below by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer’s stock valued at $501,000 after acquiring an additional 155 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Five Below by 13.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 158 shares in the last quarter. Finally, Cornerstone Investment Partners LLC raised its holdings in shares of Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after acquiring an additional 162 shares in 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.