Five Below (NASDAQ:FIVE) Given New $90.00 Price Target at Evercore ISI

Five Below (NASDAQ:FIVE) had its target price decreased by research analysts at Evercore ISI from $93.00 to $90.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s price objective suggests a potential upside of 17.62% from the stock’s current price.

A number of other research firms also recently issued reports on FIVE. Mizuho decreased their target price on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Truist Financial lowered their price objective on Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. Telsey Advisory Group lowered their price target on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 18th. Bank of America cut their price objective on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a report on Thursday, March 20th. Finally, Guggenheim lowered their target price on Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.42.

Five Below Price Performance

Five Below stock traded up $1.59 during trading hours on Tuesday, hitting $76.52. 204,761 shares of the stock traded hands, compared to its average volume of 1,784,105. The firm’s 50 day moving average price is $85.73 and its 200-day moving average price is $92.45. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below has a 1 year low of $64.87 and a 1 year high of $182.99.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $3.65 earnings per share. Five Below’s revenue for the quarter was up 4.0% on a year-over-year basis. Research analysts forecast that Five Below will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five Below

Several institutional investors and hedge funds have recently bought and sold shares of FIVE. Proficio Capital Partners LLC acquired a new position in shares of Five Below during the fourth quarter worth about $31,000. UMB Bank n.a. lifted its position in Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Five Below in the 3rd quarter worth approximately $42,000. Coppell Advisory Solutions LLC grew its position in Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 253 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Five Below by 2,936.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 558 shares during the period.

Five Below Company Profile

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.