Five Below (NASDAQ:FIVE) Given New $102.00 Price Target at The Goldman Sachs Group

Five Below (NASDAQ:FIVE - Free Report) had its target price cut by The Goldman Sachs Group from $117.00 to $102.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the specialty retailer's stock.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of Five Below from a "hold" rating to a "sell" rating in a research note on Friday, December 13th. Guggenheim dropped their target price on Five Below from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Friday. Wells Fargo & Company upped their target price on Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Barclays lowered their price target on Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Morgan Stanley restated an "equal weight" rating on shares of Five Below in a report on Thursday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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 traded up $2.56 during mid-day trading on Friday, reaching $78.80. 572,736 shares of the company's stock traded hands, compared to its average volume of 1,757,652. The business's 50-day moving average price is $87.76 and its 200-day moving average price is $92.76. The stock has a market capitalization of $4.33 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below has a 12 month low of $64.87 and a 12 month high of $185.48.

Five Below (NASDAQ:FIVE - Get Free Report) last announced its earnings results 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. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $3.65 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Five Below will post 4.93 EPS for the current year.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now directly owns 57,267 shares of the company's stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Five Below

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

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.