Brokerages Set Five Below, Inc. (NASDAQ:FIVE) Target Price at $229.86
by Tristan Rich · The Markets DailyFive Below, Inc. (NASDAQ:FIVE – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $229.8571.
Several research analysts have weighed in on FIVE shares. UBS Group lifted their target price on Five Below from $255.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Guggenheim lifted their target price on Five Below from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Five Below in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on Five Below from $259.00 to $296.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Finally, William Blair upgraded Five Below from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 19th.
Get Our Latest Research Report on FIVE
Five Below Stock Performance
FIVE opened at $217.37 on Wednesday. The business’s 50-day simple moving average is $218.27 and its 200-day simple moving average is $186.65. The company has a market cap of $12.01 billion, a P/E ratio of 33.65, a PEG ratio of 1.69 and a beta of 1.07. Five Below has a one year low of $55.36 and a one year high of $238.40.
Five Below (NASDAQ:FIVE – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, topping the consensus estimate of $4.00 by $0.31. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.71 billion. Five Below had a return on equity of 18.70% and a net margin of 7.53%.The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.48 earnings per share. As a group, analysts predict that Five Below will post 4.93 earnings per share for the current fiscal year.
Insider Buying and Selling at Five Below
In other Five Below news, CAO Eric M. Specter sold 8,500 shares of Five Below stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total value of $1,709,775.00. Following the transaction, the chief accounting officer directly owned 45,724 shares in the company, valued at approximately $9,197,382.60. This trade represents a 15.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of Five Below stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the transaction, the director owned 83,674 shares in the company, valued at $19,352,122.72. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 35,525 shares of company stock worth $7,789,754. 1.90% of the stock is currently owned by insiders.
Institutional Trading of Five Below
A number of institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC raised its holdings in Five Below by 1.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,264 shares of the specialty retailer’s stock worth $615,000 after purchasing an additional 49 shares during the last quarter. Optimize Financial Inc raised its holdings in Five Below by 1.4% during the fourth quarter. Optimize Financial Inc now owns 3,948 shares of the specialty retailer’s stock worth $744,000 after purchasing an additional 56 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Five Below by 1.6% during the fourth quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock worth $705,000 after purchasing an additional 60 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Five Below by 0.5% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 12,338 shares of the specialty retailer’s stock worth $2,324,000 after purchasing an additional 66 shares during the last quarter. Finally, Lido Advisors LLC raised its holdings in Five Below by 2.7% during the fourth quarter. Lido Advisors LLC now owns 2,559 shares of the specialty retailer’s stock worth $482,000 after purchasing an additional 68 shares during the last quarter.
About Five Below
Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.