Five Below (NASDAQ:FIVE) Price Target Raised to $210.00

Five Below (NASDAQ:FIVE – Get Rating) had its price target hoisted by equities researchers at Morgan Stanley from $200.00 to $210.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Morgan Stanley’s price target suggests a potential upside of 8.58% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Needham & Company LLC boosted their target price on Five Below from $172.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. StockNews.com started coverage on Five Below in a report on Thursday. They set a “sell” rating for the company. Truist Financial boosted their target price on Five Below from $217.00 to $224.00 in a report on Thursday. Loop Capital boosted their target price on Five Below from $175.00 to $190.00 in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on Five Below from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.50.

Five Below Price Performance

NASDAQ FIVE opened at $193.40 on Friday. Five Below has a 12 month low of $109.49 and a 12 month high of $212.56. The company has a 50-day moving average of $198.13 and a 200-day moving average of $168.57. The company has a market cap of $10.74 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.86 and a beta of 1.15.

Five Below (NASDAQ:FIVE – Get Rating) last posted its quarterly earnings data on Wednesday, March 15th. The specialty retailer reported $3.07 EPS for the quarter, meeting analysts’ consensus estimates of $3.07. Five Below had a net margin of 8.50% and a return on equity of 22.66%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $2.49 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Five Below will post 5.61 EPS for the current year.

Insider Activity

In related news, CMO Michael Romanko sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $191.50, for a total transaction of $718,125.00. Following the sale, the chief marketing officer now directly owns 8,901 shares of the company’s stock, valued at approximately $1,704,541.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Several large investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management increased its position in Five Below by 4.6% in the fourth quarter. Picton Mahoney Asset Management now owns 1,145 shares of the specialty retailer’s stock worth $203,000 after buying an additional 50 shares during the period. Van ECK Associates Corp increased its holdings in shares of Five Below by 3.4% during the fourth quarter. Van ECK Associates Corp now owns 1,652 shares of the specialty retailer’s stock valued at $292,000 after purchasing an additional 54 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Five Below by 2.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,534 shares of the specialty retailer’s stock valued at $448,000 after purchasing an additional 59 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Five Below by 0.8% during the fourth quarter. State of Alaska Department of Revenue now owns 7,767 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 65 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of Five Below by 1.9% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,668 shares of the specialty retailer’s stock valued at $504,000 after purchasing an additional 69 shares during the period.

About Five Below

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Five Below, Inc operates as a specialty value retailer. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment includes items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists of personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.