Evercore ISI Issues Positive Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its target price raised by Evercore ISI from $129.00 to $132.00 in a research report sent to investors on Tuesday,Benzinga reports. Evercore ISI currently has an in-line rating on the specialty retailer’s stock.

A number of other analysts have also recently weighed in on the stock. Citigroup raised their target price on shares of Five Below from $121.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Truist Financial raised their target price on shares of Five Below from $81.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, June 2nd. Wells Fargo & Company raised 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. Mizuho raised their price objective 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. Finally, Bank of America raised their price objective on shares of Five Below from $78.00 to $93.00 and gave the stock an “underperform” rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $121.47.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $134.36 on Tuesday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 28.17 and a beta of 1.06. Five Below has a 1-year low of $52.38 and a 1-year high of $143.88. The company has a 50 day moving average price of $131.99 and a 200 day moving average price of $101.58.

Five Below (NASDAQ:FIVE) last issued 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 analysts’ expectations of $966.29 million. Five Below had a net margin of 6.52% and a return on equity of 17.00%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, sell-side analysts expect that Five Below will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at Five Below

In other Five Below news, insider Amit Jhunjhunwala sold 1,700 shares of Five Below stock in a transaction on 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 owned 25,890 shares of the company’s stock, valued at $3,240,651.30. This trade represents a 6.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider George Hill sold 1,500 shares of Five Below stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $140.00, for a total transaction of $210,000.00. Following the sale, the insider directly owned 42,672 shares of the company’s stock, valued at $5,974,080. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,200 shares of company stock valued at $1,740,209 in the last quarter. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Five Below by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 5,424,495 shares of the specialty retailer’s stock valued at $406,430,000 after purchasing an additional 376,932 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock valued at $254,012,000 after purchasing an additional 86,271 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Five Below by 86.0% during 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 in the last quarter. American Century Companies Inc. raised its holdings in shares of Five Below by 31.1% during the 2nd quarter. American Century Companies Inc. now owns 1,540,501 shares of the specialty retailer’s stock valued at $202,083,000 after purchasing an additional 365,426 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Five Below by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,496,952 shares of the specialty retailer’s stock valued at $196,370,000 after purchasing an additional 10,971 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.