Five Below (NASDAQ:FIVE) Given New $225.00 Price Target at Evercore ISI

Five Below (NASDAQ:FIVE) had its target price lowered by Evercore ISI from $230.00 to $225.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the specialty retailer’s stock.

Several other equities analysts have also weighed in on the company. Truist Financial cut their target price on Five Below from $214.00 to $204.00 and set a buy rating on the stock in a research note on Thursday, March 21st. Telsey Advisory Group lowered their price target on Five Below from $230.00 to $220.00 and set an outperform rating for the company in a report on Thursday, March 21st. Barclays lowered their price target on Five Below from $225.00 to $214.00 and set an overweight rating for the company in a report on Friday, March 22nd. UBS Group lowered their price target on Five Below from $270.00 to $245.00 and set a buy rating for the company in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their price target on Five Below from $222.00 to $215.00 and set an overweight rating for the company in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $212.83.

Five Below Trading Down 2.3 %

NASDAQ:FIVE opened at $149.30 on Tuesday. Five Below has a 1-year low of $144.57 and a 1-year high of $216.18. The business’s 50-day moving average price is $186.30 and its two-hundred day moving average price is $186.14. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.26 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share 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 company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company posted $3.07 EPS. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. Sell-side analysts predict that Five Below will post 6.06 earnings per share for the current year.

Insider Activity at Five Below

In related news, Director Thomas Vellios sold 10,000 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIVE. Price T Rowe Associates Inc. MD lifted its position 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 valued at $801,779,000 after buying an additional 3,743,768 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $99,794,000. William Blair Investment Management LLC lifted its position in shares of Five Below by 89.1% in the third quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock valued at $166,627,000 after buying an additional 487,948 shares during the last quarter. Wasatch Advisors Inc. lifted its position 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 valued at $423,883,000 after buying an additional 471,349 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its position 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 valued at $242,681,000 after buying an additional 395,275 shares during the last quarter.

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.