Wells Fargo & Company Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE) had its price objective raised by analysts at Wells Fargo & Company from $115.00 to $140.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 15.47% from the stock’s previous close.

FIVE has been the subject of a number of other research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $128.00 price objective (up previously from $90.00) on shares of Five Below in a research note on Wednesday. Guggenheim lowered their price target on Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Mizuho lifted their price objective on Five Below from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays lowered 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 note on Thursday, March 20th. Finally, DA Davidson reduced their price target on shares of Five Below from $50.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $103.45.

Five Below Trading Down 0.8%

FIVE opened at $121.24 on Thursday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 25.00, a PEG ratio of 1.19 and a beta of 0.87. The stock has a 50-day moving average price of $85.26 and a 200-day moving average price of $90.25. Five Below has a 12-month low of $52.38 and a 12-month high of $138.37.

Five Below (NASDAQ:FIVE) last released its earnings results 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. The company had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. On average, equities research analysts predict that Five Below will post 4.93 EPS for the current year.

Insider Activity

In other news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. grew its position in Five Below by 26,340.9% during the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock worth $111,337,000 after purchasing an additional 1,480,361 shares during the last quarter. Steadfast Capital Management LP acquired a new position in shares of Five Below in the 4th quarter valued at $123,601,000. Marshall Wace LLP raised 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 worth $243,529,000 after acquiring an additional 1,072,642 shares during the last quarter. American Century Companies Inc. lifted its position in Five Below by 494.5% during the 1st quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock worth $88,042,000 after acquiring an additional 977,411 shares during the period. Finally, Norges Bank purchased a new stake in Five Below during the 4th quarter valued at about $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.