Five Below, Inc. (NASDAQ:FIVE) Receives $112.40 Average PT from Brokerages

Five Below, Inc. (NASDAQ:FIVE) has received a consensus rating of “Hold” from the twenty-one ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $112.40.

A number of equities research analysts have commented on the stock. DA Davidson decreased their price objective on shares of Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Barclays reduced their target price 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. UBS Group raised their price target on shares of Five Below from $110.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, June 5th. Bank of America boosted their price objective on shares of Five Below from $78.00 to $93.00 and gave the stock an “underperform” rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group upped their price objective on Five Below from $107.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th.

Five Below Stock Down 3.3%

NASDAQ:FIVE opened at $121.82 on Thursday. The firm has a market capitalization of $6.71 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.19 and a beta of 1.02. Five Below has a 12-month low of $52.38 and a 12-month high of $137.30. The firm has a 50-day moving average price of $93.51 and a 200 day moving average price of $92.13.

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

Insider Buying and Selling

In other news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction dated 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 transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider George Hill sold 4,500 shares of Five Below stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $132.93, for a total value of $598,185.00. Following the transaction, the insider now owns 44,130 shares of the company’s stock, valued at $5,866,200.90. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. boosted its holdings in shares of Five Below by 26,340.9% during the first quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock worth $111,337,000 after acquiring an additional 1,480,361 shares during the period. Steadfast Capital Management LP acquired a new stake in Five Below during the 4th quarter worth approximately $123,601,000. Marshall Wace LLP boosted its stake in Five Below by 86.0% in the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after purchasing an additional 1,072,642 shares during the period. American Century Companies Inc. grew its holdings in Five Below by 494.5% in the 1st quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock valued at $88,042,000 after buying an additional 977,411 shares in the last quarter. Finally, Norges Bank acquired a new position in Five Below in the 4th quarter valued at $66,933,000.

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.