Five Below (NASDAQ:FIVE) Price Target Cut to $110.00 by Analysts at Morgan Stanley

Five Below (NASDAQ:FIVE) had its price target dropped by equities researchers at Morgan Stanley from $120.00 to $110.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price objective indicates a potential upside of 45.52% from the company’s current price.

A number of other analysts also recently commented on FIVE. Craig Hallum boosted their price objective on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lowered their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Truist Financial boosted their target price on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Guggenheim lifted their price target on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Citigroup increased their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Five Below has an average rating of “Hold” and a consensus price target of $106.84.

Five Below Stock Up 2.3 %

Shares of Five Below stock opened at $75.59 on Thursday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below has a 52-week low of $64.87 and a 52-week high of $209.79. The company’s 50-day simple moving average is $88.76 and its 200-day simple moving average is $92.63.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating the consensus estimate of $3.38 by $0.10. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $3.65 EPS. Equities research analysts anticipate that Five Below will post 4.93 EPS for the current year.

Insider Buying and Selling

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new position in shares of Five Below in the 3rd quarter valued at $30,000. Proficio Capital Partners LLC purchased a new position in shares of Five Below in the 4th quarter worth $31,000. UMB Bank n.a. boosted its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Five Below during the third quarter valued at about $42,000. Finally, Coppell Advisory Solutions LLC grew its position in Five Below by 143.8% during 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 during the period.

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.