Loop Capital Boosts Five Below (NASDAQ:FIVE) Price Target to $190.00

Posted by Doug Wharley on Mar 19th, 2023

Five Below (NASDAQ:FIVE – Get Rating) had its price target lifted by Loop Capital from $175.00 to $190.00 in a research report sent to investors on Thursday, The Fly reports.

Other equities analysts have also issued reports about the stock. Telsey Advisory Group reiterated an outperform rating and issued a $230.00 price target on shares of Five Below in a research report on Tuesday, March 14th. Citigroup upped their price target on shares of Five Below from $170.00 to $186.00 in a research report on Monday, November 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Five Below from $205.00 to $201.00 in a research report on Friday, December 2nd. Guggenheim upped their target price on shares of Five Below from $210.00 to $220.00 in a research report on Thursday. Finally, Gordon Haskett upgraded shares of Five Below from an accumulate rating to a buy rating and upped their target price for the stock from $190.00 to $240.00 in a research report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $207.50.

Five Below Price Performance

FIVE opened at $193.40 on Thursday. The firm has a market cap of $10.74 billion, a P/E ratio of 41.24, a PEG ratio of 1.84 and a beta of 1.15. Five Below has a 1-year low of $109.49 and a 1-year high of $212.56. The company has a 50 day simple moving average of $198.13 and a two-hundred day simple moving average of $168.57.

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

Insider Activity at Five Below

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

Institutional Investors Weigh In On Five Below

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA purchased a new stake in shares of Five Below in the second quarter valued at $28,000. Canada Pension Plan Investment Board raised its stake in shares of Five Below by 93.0% in the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 93 shares during the period. CENTRAL TRUST Co raised its stake in shares of Five Below by 29.6% in the third quarter. CENTRAL TRUST Co now owns 350 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 80 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in shares of Five Below in the third quarter valued at $63,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Five Below by 3,530.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 363 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 353 shares during the period.

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.