Five Below (NASDAQ:FIVE) Price Target Raised to $100.00

Five Below (NASDAQ:FIVE) had its target price lifted by Mizuho from $88.00 to $100.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Mizuho’s price target indicates a potential downside of 18.36% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Loop Capital raised their target price on Five Below from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Monday, May 5th. DA Davidson dropped their price objective on shares of Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Wall Street Zen raised shares of Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. Barclays decreased their price target on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Finally, Citigroup boosted their price objective on shares of Five Below from $80.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Five Below has a consensus rating of “Hold” and a consensus target price of $101.30.

Five Below Stock Performance

Shares of FIVE stock traded up $4.98 during mid-day trading on Tuesday, hitting $122.49. The company’s stock had a trading volume of 1,171,233 shares, compared to its average volume of 2,093,314. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.19 and a beta of 0.87. Five Below has a 52-week low of $52.38 and a 52-week high of $141.70. The business has a 50-day moving average price of $83.44 and a 200 day moving average price of $89.81.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.38 billion. During the same period last year, the company earned $3.65 EPS. Five Below’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts predict that Five Below will post 4.93 EPS for the current fiscal year.

Insider Activity at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $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 is available through this link. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Five Below

Large investors have recently made changes to their positions in the business. Mattson Financial Services LLC grew its position in Five Below by 41.1% in the first quarter. Mattson Financial Services LLC now owns 1,534 shares of the specialty retailer’s stock worth $115,000 after acquiring an additional 447 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Five Below during the first quarter valued at approximately $2,946,000. Intech Investment Management LLC lifted its stake in shares of Five Below by 35.1% in the 1st quarter. Intech Investment Management LLC now owns 37,133 shares of the specialty retailer’s stock valued at $2,782,000 after purchasing an additional 9,652 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Five Below by 63.8% in the 1st quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 1,503 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in shares of Five Below in the 1st quarter worth approximately $1,064,000.

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.