Five Below (NASDAQ:FIVE) Price Target Raised to $160.00

Five Below (NASDAQ:FIVE) had its price target hoisted by UBS Group from $110.00 to $160.00 in a report released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the specialty retailer’s stock.

Several other analysts have also recently commented on the stock. Wells Fargo & Company increased their price target on shares of Five Below from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup increased their price target on shares of Five Below from $121.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday. Wall Street Zen raised shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. The Goldman Sachs Group increased their price target on shares of Five Below from $107.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Loop Capital increased their price target on shares of Five Below from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Monday, May 5th. 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. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and a consensus target price of $112.40.

Five Below Trading Down 0.5%

NASDAQ FIVE opened at $127.35 on Thursday. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.19 and a beta of 1.02. The company has a 50 day moving average of $87.34 and a 200-day moving average of $90.89. Five Below has a 1-year low of $52.38 and a 1-year high of $137.30.

Five Below (NASDAQ:FIVE) last released 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. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $970.53 million for the quarter, compared to analysts’ expectations of $966.29 million. During the same period in the prior year, the firm earned $0.60 earnings per share. Five Below’s revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that Five Below will post 4.93 earnings per share for the current year.

Insider Transactions at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction on Monday, March 24th. The shares were 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 $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Hedge funds and other institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC bought a new position in shares of Five Below during the first quarter worth $29,000. Proficio Capital Partners LLC bought a new position in shares of Five Below during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Five Below by 1,097.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 417 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Five Below by 246.9% during the first quarter. Bessemer Group Inc. now owns 496 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 353 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Five Below by 61.7% during the first quarter. UMB Bank n.a. now owns 540 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 206 shares in 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.