Barclays Cuts Five Below (NASDAQ:FIVE) Price Target to $93.00

Five Below (NASDAQ:FIVE - Get Free Report) had its price objective lowered by research analysts at Barclays from $100.00 to $93.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the specialty retailer's stock. Barclays's price target points to a potential upside of 17.38% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group dropped 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 note on Tuesday, March 18th. Wells Fargo & Company increased their price objective on Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. StockNews.com downgraded Five Below from a "hold" rating to a "sell" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. decreased their price target on Five Below from $107.00 to $102.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. Finally, Loop Capital lowered their price target on Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. 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's stock. According to MarketBeat.com, Five Below has a consensus rating of "Hold" and an average target price of $102.16.

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Five Below Price Performance

NASDAQ:FIVE traded up $2.99 during midday trading on Thursday, reaching $79.23. 1,837,395 shares of the company traded hands, compared to its average volume of 1,762,499. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The company has a fifty day moving average price of $87.34 and a 200 day moving average price of $92.78. Five Below has a twelve month low of $64.87 and a twelve month high of $185.48.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $3.65 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Five Below

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Five Below in the fourth quarter worth approximately $8,489,000. Charles Schwab Investment Management Inc. increased its stake in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock valued at $54,272,000 after buying an additional 180,902 shares during the period. National Bank of Canada FI lifted its position in Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer's stock worth $6,964,000 after buying an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Five Below during the 3rd quarter valued at $3,282,000. Finally, Algert Global LLC grew its holdings in shares of Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer's stock valued at $2,282,000 after acquiring an additional 20,266 shares in the last quarter.

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.