Guggenheim Raises Five Below (NASDAQ:FIVE) Price Target to $215.00
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.
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 dÃ©cor, and related items, as well as provides storage options for the customers room.
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