Five Below (NASDAQ:FIVE) Price Target Raised to $224.00

Five Below (NASDAQ:FIVE – Get Rating) had its target price raised by Truist Financial from $217.00 to $224.00 in a report released on Thursday morning, The Fly reports.

Several other research firms have also issued reports on FIVE. William Blair began coverage on Five Below in a report on Wednesday, December 7th. They issued an outperform rating for the company. Barclays started coverage on Five Below in a report on Tuesday, February 7th. They set an overweight rating and a $219.00 price objective for the company. Oppenheimer increased their price objective on Five Below from $165.00 to $235.00 and gave the company an outperform rating in a report on Wednesday, January 25th. BNP Paribas raised Five Below from a neutral rating to an outperform rating in a report on Thursday, December 15th. Finally, Wells Fargo & Company increased their target price on Five Below from $190.00 to $195.00 and gave the stock an overweight rating in a research 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’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $207.50.

Five Below Stock Performance

Shares of FIVE opened at $193.40 on Thursday. The stock has a 50 day moving average price of $198.13 and a two-hundred day moving average price of $168.57. The firm has a market capitalization of $10.74 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.84 and a beta of 1.15. Five Below has a 52 week low of $109.49 and a 52 week high of $212.56.

Five Below (NASDAQ:FIVE – Get Rating) last released its earnings results on Wednesday, March 15th. The specialty retailer reported $3.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.07. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Five Below had a return on equity of 21.69% and a net margin of 8.50%. Five Below’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.49 earnings per share. On average, equities analysts forecast that Five Below will post 5.61 earnings per share for the current year.

Insider Activity at Five Below

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FIVE. Canada Pension Plan Investment Board grew its stake in shares of Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 93 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Five Below during the second quarter valued at about $28,000. CENTRAL TRUST Co grew its stake in shares of Five Below by 29.6% during the third quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock valued at $48,000 after buying an additional 80 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Five Below by 3,530.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 363 shares of the specialty retailer’s stock valued at $64,000 after buying an additional 353 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Five Below during the fourth quarter valued at about $70,000.

Five Below Company Profile

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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.