Five Below (NASDAQ:FIVE) Coverage Initiated at Mizuho

Mizuho began coverage on shares of Five Below (NASDAQ:FIVEFree Report) in a research note published on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $225.00 target price on the specialty retailer’s stock.

A number of other research firms also recently issued reports on FIVE. Wells Fargo & Company downgraded Five Below from an overweight rating to an equal weight rating and set a $215.00 price objective on the stock. in a research note on Thursday, January 4th. Barclays lifted their target price on Five Below from $219.00 to $236.00 and gave the stock an overweight rating in a report on Thursday, January 4th. Oppenheimer cut Five Below from an outperform rating to a market perform rating and dropped their target price for the stock from $235.00 to $200.00 in a report on Tuesday, January 30th. JPMorgan Chase & Co. lifted their target price on Five Below from $217.00 to $222.00 and gave the stock an overweight rating in a report on Monday, January 29th. Finally, Morgan Stanley lifted their target price on Five Below from $210.00 to $225.00 and gave the stock an overweight rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Five Below currently has an average rating of Moderate Buy and a consensus price target of $220.18.

Read Our Latest Research Report on Five Below

Five Below Price Performance

NASDAQ:FIVE opened at $206.66 on Tuesday. Five Below has a 1 year low of $144.57 and a 1 year high of $220.19. The stock’s 50 day simple moving average is $192.99 and its two-hundred day simple moving average is $184.39. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 1.54 and a beta of 1.21.

Insider Buying and Selling

In other Five Below news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $185.82, for a total value of $1,858,200.00. Following the sale, the director now directly owns 333,697 shares of the company’s stock, valued at $62,007,576.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Five Below

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Five Below by 7.2% in the second quarter. BlackRock Inc. now owns 5,233,103 shares of the specialty retailer’s stock valued at $1,028,514,000 after purchasing an additional 353,370 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Five Below by 2,513.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock worth $801,779,000 after acquiring an additional 3,743,768 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Five Below by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock worth $482,922,000 after acquiring an additional 259,012 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in shares of Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after acquiring an additional 471,349 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in shares of Five Below by 34.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock worth $242,681,000 after acquiring an additional 395,275 shares during the last quarter.

Five Below Company Profile

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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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, accent furniture, and related items, as well as provides storage options.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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