Morgan Stanley Cuts Five Below (NASDAQ:FIVE) Price Target to $235.00

Five Below (NASDAQ:FIVE) had its target price cut by Morgan Stanley from $245.00 to $235.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s target price would indicate a potential upside of 5.43% from the company’s current price.

Several other analysts have also recently commented on the stock. Bank of America upped their target price on shares of Five Below from $260.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft increased their price target on Five Below from $247.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Sanford C. Bernstein reissued a “market perform” rating on shares of Five Below in a research note on Thursday. Mizuho increased their price target on Five Below from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Five Below in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Five Below presently has a consensus rating of “Moderate Buy” and an average target price of $244.30.

Five Below Price Performance

FIVE stock opened at $222.89 on Thursday. The company has a 50 day moving average price of $225.65 and a 200 day moving average price of $205.05. Five Below has a fifty-two week low of $119.06 and a fifty-two week high of $251.63. The stock has a market capitalization of $12.32 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, June 3rd. The specialty retailer reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.45. Five Below had a net margin of 7.53% and a return on equity of 18.70%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $0.86 EPS. Five Below’s revenue was up 32.5% on a year-over-year basis. Five Below has set its FY 2026 guidance at 8.650-9.050 EPS and its Q2 2026 guidance at 1.170-1.290 EPS. As a group, equities analysts expect that Five Below will post 8.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Kenneth R. Bull sold 10,000 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $234.14, for a total value of $2,341,400.00. Following the transaction, the chief operating officer owned 92,531 shares of the company’s stock, valued at $21,665,208.34. This represents a 9.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the completion of the sale, the director owned 83,674 shares of the company’s stock, valued at approximately $19,352,122.72. This represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Five Below

A number of large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Five Below by 40,774,210.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 55,453,062 shares of the specialty retailer’s stock valued at $10,445,139,000 after buying an additional 55,452,926 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Five Below by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,376,471 shares of the specialty retailer’s stock valued at $831,740,000 after buying an additional 69,101 shares in the last quarter. American Century Companies Inc. increased its position in shares of Five Below by 21.6% in the 3rd quarter. American Century Companies Inc. now owns 1,873,116 shares of the specialty retailer’s stock valued at $289,771,000 after buying an additional 332,615 shares in the last quarter. Marshall Wace LLP increased its position in shares of Five Below by 54.6% in the 4th quarter. Marshall Wace LLP now owns 1,785,169 shares of the specialty retailer’s stock valued at $336,254,000 after buying an additional 630,710 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Five Below by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 1,508,393 shares of the specialty retailer’s stock valued at $284,121,000 after buying an additional 45,761 shares in the last quarter.

Key Headlines Impacting Five Below

Here are the key news stories impacting Five Below this week:

• Positive Sentiment: Five Below posted better-than-expected Q1 fiscal 2026 results, with EPS of $2.22 topping estimates and revenue rising 32.5% year over year to $1.29 billion. Article Title
• Positive Sentiment: The company also raised full-year 2026 guidance, lifting its sales and EPS outlook well above Wall Street expectations, which signals management confidence in continued demand and margin strength. Article Title
• Positive Sentiment: Comparable sales jumped 22.7% and the company opened 49 net new stores, showing that both same-store traffic and expansion remain strong growth drivers. Article Title
• Neutral Sentiment: The earnings call transcript and preview suggest investors are monitoring whether Five Below can sustain this momentum amid tariffs, cost pressures, and ongoing expansion plans. Article Title
• Negative Sentiment: Despite the earnings beat, the stock fell in extended trading, indicating that some investors may have been expecting even stronger results or are worried about whether the upgraded guidance is enough to justify the valuation. Article Title

About Five Below

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.