Analysts Set Five Below, Inc. (NASDAQ:FIVE) PT at $213.11

Shares of Five Below, Inc. (NASDAQ:FIVE) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $213.11.

Several equities analysts recently issued reports on the stock. Oppenheimer downgraded shares of Five Below from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $235.00 to $200.00 in a research note on Tuesday, January 30th. Morgan Stanley cut their price target on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Gordon Haskett downgraded shares of Five Below from a “buy” rating to an “accumulate” rating and cut their price target for the stock from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Truist Financial cut their price target on shares of Five Below from $214.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, Mizuho began coverage on shares of Five Below in a research note on Tuesday, March 19th. They set a “buy” rating and a $225.00 price target on the stock.

Insider Activity at Five Below

In related news, Director Thomas Vellios sold 10,000 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the completion of the sale, the director now directly owns 333,697 shares of the company’s stock, valued at approximately $62,007,576.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Giverny Capital Inc. lifted its position in shares of Five Below by 1.7% in the 3rd quarter. Giverny Capital Inc. now owns 644,566 shares of the specialty retailer’s stock worth $103,711,000 after buying an additional 10,845 shares during the last quarter. Trust Point Inc. bought a new position in shares of Five Below in the 4th quarter worth about $2,129,000. DekaBank Deutsche Girozentrale bought a new position in shares of Five Below in the 4th quarter worth about $3,222,000. Invesco Ltd. lifted its position in shares of Five Below by 119.1% in the 3rd quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock worth $47,317,000 after buying an additional 159,844 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Five Below by 10.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 419,605 shares of the specialty retailer’s stock worth $67,514,000 after buying an additional 40,363 shares during the last quarter.

Five Below Price Performance

Shares of NASDAQ FIVE opened at $152.81 on Friday. Five Below has a 12-month low of $144.57 and a 12-month high of $216.18. The company has a market capitalization of $8.44 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. The firm’s 50-day moving average is $186.94 and its two-hundred day moving average is $186.22.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the company earned $3.07 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, analysts forecast that Five Below will post 6.06 EPS for the current fiscal year.

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.