Analysts Set Five Below, Inc. (NASDAQ:FIVE) Price Target at $102.16

Five Below, Inc. (NASDAQ:FIVE) has been assigned an average recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $102.16.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Loop Capital dropped their price objective on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Telsey Advisory Group dropped their price target on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday, March 18th. Finally, Mizuho decreased their price objective on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th.

Insider Buying and Selling at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value 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 trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Institutional Trading of Five Below

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Steadfast Capital Management LP acquired a new position in Five Below during the fourth quarter valued at approximately $123,601,000. Marshall Wace LLP lifted 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 acquiring an additional 1,072,642 shares in the last quarter. Atreides Management LP purchased a new stake in Five Below during the 3rd quarter worth $68,649,000. Two Sigma Advisers LP purchased a new stake in Five Below during the 3rd quarter worth $64,981,000. Finally, Norges Bank acquired a new stake in Five Below in the 4th quarter valued at $66,933,000.

Five Below Trading Up 2.4 %

Shares of NASDAQ:FIVE opened at $74.93 on Friday. The firm has a 50 day simple moving average of $85.73 and a 200-day simple moving average of $92.45. The company has a market capitalization of $4.12 billion, a PE ratio of 15.45, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below has a twelve month low of $64.87 and a twelve month high of $182.99.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $3.65 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that Five Below will post 4.93 EPS for the current fiscal year.

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.