Five Below (NASDAQ:FIVE) had its price target lifted by analysts at Guggenheim from $180.00 to $215.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s target price suggests a potential upside of 9.96% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Craig Hallum raised their price objective on shares of Five Below from $197.00 to $208.00 in a report on Wednesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of Five Below from $140.00 to $180.00 in a research report on Thursday, December 3rd. Wells Fargo & Company increased their target price on shares of Five Below from $155.00 to $182.00 and gave the stock an “overweight” rating in a research report on Monday, November 30th. UBS Group increased their target price on shares of Five Below from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 24th. Finally, Loop Capital increased their target price on shares of Five Below from $160.00 to $195.00 and gave the stock a “hold” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $169.26.

NASDAQ FIVE traded up $2.92 during trading hours on Thursday, reaching $195.52. 5,582 shares of the company were exchanged, compared to its average volume of 926,560. Five Below has a 1 year low of $47.53 and a 1 year high of $195.54. The business’s 50 day simple moving average is $166.22 and its 200-day simple moving average is $133.86. The stock has a market capitalization of $10.92 billion, a P/E ratio of 100.37, a P/E/G ratio of 3.65 and a beta of 1.14.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Tuesday, December 1st. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. Five Below had a net margin of 6.13% and a return on equity of 14.72%. The business had revenue of $476.61 million during the quarter, compared to the consensus estimate of $444.91 million. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. As a group, equities analysts predict that Five Below will post 2.04 EPS for the current year.

In other Five Below news, CAO Eric M. Specter sold 12,800 shares of Five Below stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $161.92, for a total transaction of $2,072,576.00. Following the completion of the sale, the chief accounting officer now directly owns 44,954 shares in the company, valued at $7,278,951.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joel D. Anderson sold 35,661 shares of Five Below stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $161.17, for a total transaction of $5,747,483.37. Following the sale, the chief executive officer now owns 256,228 shares of the company’s stock, valued at $41,296,266.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,461 shares of company stock valued at $11,823,259. 2.40% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in Five Below by 24.9% in the 2nd quarter. FMR LLC now owns 3,999,991 shares of the specialty retailer’s stock worth $427,639,000 after purchasing an additional 797,658 shares in the last quarter. Riverbridge Partners LLC grew its stake in shares of Five Below by 23.5% during the third quarter. Riverbridge Partners LLC now owns 1,609,789 shares of the specialty retailer’s stock valued at $204,443,000 after acquiring an additional 306,097 shares in the last quarter. Columbus Circle Investors purchased a new stake in shares of Five Below during the third quarter worth about $18,421,000. Chilton Investment Co. LLC boosted its holdings in Five Below by 36.7% in the third quarter. Chilton Investment Co. LLC now owns 511,881 shares of the specialty retailer’s stock valued at $65,009,000 after purchasing an additional 137,543 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Five Below by 37.7% during the third quarter. Morgan Stanley now owns 479,765 shares of the specialty retailer’s stock worth $60,930,000 after buying an additional 131,324 shares in the last quarter.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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The Fly

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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