Five Below (NASDAQ:FIVE) Given New $130.00 Price Target at Loop Capital

Five Below (NASDAQ:FIVE) had its price target upped by Loop Capital from $90.00 to $130.00 in a research note published on Friday,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

FIVE has been the subject of several other reports. Morgan Stanley boosted their target price on Five Below from $110.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday. Truist Financial boosted their price objective on Five Below from $81.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, June 2nd. Barclays decreased their price objective on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Citigroup lifted their target price on shares of Five Below from $121.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Five Below from $57.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $112.40.

Five Below Stock Down 0.5%

Shares of NASDAQ FIVE opened at $127.35 on Friday. Five Below has a 52 week low of $52.38 and a 52 week high of $137.30. The company has a market cap of $7.01 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.19 and a beta of 1.02. The business has a 50-day simple moving average of $87.34 and a two-hundred day simple moving average of $90.94.

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

Insider Buying and Selling at Five Below

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

Institutional Trading of Five Below

A number of hedge funds have recently modified their holdings of FIVE. Lecap Asset Management Ltd. purchased a new position in Five Below during the 4th quarter valued at about $2,234,000. Stephens Investment Management Group LLC grew its stake in shares of Five Below by 39.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 618,372 shares of the specialty retailer’s stock worth $64,904,000 after buying an additional 175,131 shares during the last quarter. Savant Capital LLC bought a new position in Five Below during the 4th quarter valued at approximately $1,094,000. Allspring Global Investments Holdings LLC increased its position in Five Below by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 108,811 shares of the specialty retailer’s stock valued at $10,781,000 after buying an additional 534 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Five Below by 2.4% during the fourth quarter. Rhumbline Advisers now owns 157,799 shares of the specialty retailer’s stock valued at $16,563,000 after buying an additional 3,705 shares during 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.