Five Below (NASDAQ:FIVE) Price Target Cut to $90.00 by Analysts at Evercore ISI

Five Below (NASDAQ:FIVE) had its target price lowered by Evercore ISI from $93.00 to $90.00 in a research report sent 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 several other research reports. Craig Hallum increased their price objective on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. The Goldman Sachs Group lowered their price target on shares of Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 21st. Citigroup lifted their price target on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Finally, Bank of America lowered their target price on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.42.

Five Below Stock Up 2.1 %

FIVE opened at $76.48 on Tuesday. Five Below has a 52-week low of $64.87 and a 52-week high of $177.55. The company has a 50 day moving average of $85.35 and a two-hundred day moving average of $92.31. The company has a market cap of $4.21 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results 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 net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $3.65 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. Research analysts anticipate that Five Below will post 4.93 earnings per share for the current year.

Insider Buying and Selling at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Below

A number of hedge funds have recently added to or reduced their stakes in FIVE. Vanguard Group Inc. increased its holdings in shares of Five Below by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock worth $529,792,000 after acquiring an additional 43,537 shares during the period. Wasatch Advisors LP grew its position in Five Below by 3.7% in the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after purchasing an additional 86,271 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Five Below by 86.0% in the fourth 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 during the period. State Street Corp raised its holdings in shares of Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after buying an additional 31,520 shares during the last quarter. Finally, Steadfast Capital Management LP bought a new stake in shares of Five Below during the fourth quarter valued at approximately $123,601,000.

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.