Five Below (NASDAQ:FIVE) Price Target Lowered to $110.00 at Morgan Stanley

Five Below (NASDAQ:FIVE - Get Free Report) had its price target lowered by equities research analysts at Morgan Stanley from $120.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the specialty retailer's stock. Morgan Stanley's price target would suggest a potential upside of 38.84% from the stock's current price.

Several other brokerages have also recently issued reports on FIVE. JPMorgan Chase & Co. cut their price objective on Five Below from $107.00 to $102.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company upped their price target on 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 decreased their price objective on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Barclays raised their price target on shares of Five Below from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $102.16.

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Five Below Stock Performance

Shares of FIVE stock traded up $2.99 during mid-day trading on Thursday, reaching $79.23. 1,837,395 shares of the company were exchanged, compared to its average volume of 1,762,499. The business's 50 day simple moving average is $87.34 and its 200 day simple moving average is $92.78. The company has a market capitalization of $4.36 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $185.48.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion during 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 firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $3.65 EPS. On average, analysts forecast that Five Below will post 4.93 EPS for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Steadfast Capital Management LP bought a new stake in Five Below in the fourth quarter worth about $123,601,000. Marshall Wace LLP raised its holdings in shares of Five Below by 86.0% in the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer's stock worth $243,529,000 after purchasing an additional 1,072,642 shares in the last quarter. Atreides Management LP acquired a new stake in Five Below during the third quarter valued at approximately $68,649,000. Two Sigma Advisers LP bought a new stake in Five Below during the third quarter worth approximately $64,981,000. Finally, Norges Bank bought a new stake in Five Below during the fourth quarter worth approximately $66,933,000.

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.