Five Below (NASDAQ:FIVE) Stock Price Expected to Rise, Evercore ISI Analyst Says

Five Below (NASDAQ:FIVE) had its target price increased by Evercore ISI from $115.00 to $120.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an in-line rating on the specialty retailer’s stock.

FIVE has been the subject of a number of other reports. Mizuho upped their target price on shares of Five Below from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. DA Davidson reduced their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Five Below from $57.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Barclays reduced their price objective on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company increased their price objective on shares of Five Below from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, June 5th. One equities research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.30.

Five Below Trading Up 1.4%

Shares of NASDAQ FIVE opened at $129.92 on Tuesday. The firm has a market cap of $7.15 billion, a PE ratio of 27.24 and a beta of 1.02. Five Below has a 1-year low of $52.38 and a 1-year high of $137.30. The company has a fifty day moving average price of $104.85 and a 200 day moving average price of $93.51.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $970.53 million during the quarter, compared to analyst estimates of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. Equities research analysts forecast that Five Below will post 4.93 EPS for the current year.

Insider Activity

In other news, insider George Hill sold 4,500 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $132.93, for a total value of $598,185.00. Following the sale, the insider now directly owns 44,130 shares of the company’s stock, valued at approximately $5,866,200.90. This represents a 9.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amit Jhunjhunwala sold 1,700 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $125.17, for a total transaction of $212,789.00. Following the completion of the sale, the insider now directly owns 25,890 shares in the company, valued at approximately $3,240,651.30. The trade was a 6.16% 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

Several large investors have recently bought and sold shares of FIVE. Byrne Asset Management LLC bought a new position in Five Below in the 1st quarter valued at about $29,000. Proficio Capital Partners LLC bought a new position in Five Below in the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd increased its holdings 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 during the period. Bessemer Group Inc. increased its holdings 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 during the period. Finally, UMB Bank n.a. increased its holdings 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 during the period.

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.