Five Below (NASDAQ:FIVE) Given New $93.00 Price Target at Barclays

Five Below (NASDAQ:FIVE) had its target price decreased by equities researchers at Barclays from $100.00 to $93.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s target price suggests a potential upside of 15.02% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Bank of America lowered their price objective on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research note on Thursday. Guggenheim lifted their price target on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. William Blair reiterated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.79.

Five Below Stock Performance

Shares of FIVE opened at $80.86 on Thursday. The firm has a market cap of $4.45 billion, a PE ratio of 16.62, a PEG ratio of 1.19 and a beta of 1.11. The firm’s 50 day moving average price is $88.76 and its 200 day moving average price is $92.63. Five Below has a twelve month low of $64.87 and a twelve month high of $209.79.

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

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 204 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Five Below during the 3rd quarter worth approximately $30,000. Coppell Advisory Solutions LLC raised its stake in shares of Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 253 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below during the 3rd quarter worth approximately $42,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares in 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.