Five Below, Inc. (NASDAQ:FIVE – Get Rating) reached a new 52-week high during mid-day trading on Thursday after Oppenheimer raised their price target on the stock from $165.00 to $235.00. Oppenheimer currently has an outperform rating on the stock. Five Below traded as high as $195.83 and last traded at $192.00, with a volume of 42205 shares trading hands. The stock had previously closed at $192.06.
Other equities research analysts have also issued research reports about the stock. UBS Group lifted their price objective on shares of Five Below from $165.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, December 1st. Craig Hallum boosted their price target on Five Below from $178.00 to $200.00 in a research report on Thursday, December 1st. BNP Paribas raised Five Below from a "neutral" rating to an "outperform" rating in a report on Thursday, December 15th. Credit Suisse Group began coverage on Five Below in a report on Monday, December 19th. They issued a "neutral" rating and a $185.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on Five Below from $184.00 to $204.00 in a report on Thursday, December 1st. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $188.48.
Get Five Below alerts:Insider Transactions at Five Below
In related news, Director Kathleen S. Barclay sold 3,319 shares of the firm's stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $187.10, for a total value of $620,984.90. Following the completion of the transaction, the director now directly owns 8,799 shares of the company's stock, valued at $1,646,292.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Kathleen S. Barclay sold 3,319 shares of the stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $187.10, for a total value of $620,984.90. Following the completion of the transaction, the director now owns 8,799 shares in the company, valued at approximately $1,646,292.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Michael Romanko sold 3,750 shares of Five Below stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $191.50, for a total transaction of $718,125.00. Following the sale, the chief marketing officer now owns 8,901 shares in the company, valued at $1,704,541.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,325 shares of company stock valued at $6,919,010. 1.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Five Below
Several large investors have recently modified their holdings of the stock. Gateway Investment Advisers LLC grew its position in Five Below by 7.8% in the third quarter. Gateway Investment Advisers LLC now owns 5,096 shares of the specialty retailer's stock valued at $702,000 after acquiring an additional 367 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Five Below during the 2nd quarter worth about $231,000. Pacer Advisors Inc. bought a new position in Five Below during the 3rd quarter valued at about $519,000. Texas Permanent School Fund boosted its position in Five Below by 1.2% in the second quarter. Texas Permanent School Fund now owns 40,184 shares of the specialty retailer's stock valued at $4,558,000 after buying an additional 465 shares in the last quarter. Finally, Cim LLC grew its stake in Five Below by 4.1% during the third quarter. Cim LLC now owns 6,662 shares of the specialty retailer's stock worth $969,000 after buying an additional 261 shares during the last quarter.Five Below Stock Up 0.8 %
The company's fifty day moving average price is $177.08 and its two-hundred day moving average price is $150.68. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11.
Five Below (NASDAQ:FIVE – Get Rating) last released its quarterly earnings results on Wednesday, November 30th. The specialty retailer reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.15. The firm had revenue of $645.03 million during the quarter, compared to analysts' expectations of $611.16 million. Five Below had a return on equity of 20.11% and a net margin of 7.81%. Research analysts forecast that Five Below, Inc. will post 4.69 earnings per share for the current year.
About Five Below
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Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.
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