Five Below’s (FIVE) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Five Below (NASDAQ:FIVE) in a report issued on Tuesday,Benzinga reports. They currently have a $240.00 price objective on the specialty retailer’s stock.

FIVE has been the topic of several other research reports. Truist Financial set a $236.00 target price on shares of Five Below in a report on Wednesday, January 14th. Evercore upped their price target on shares of Five Below from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Tuesday, December 23rd. Guggenheim set a $225.00 price target on shares of Five Below in a report on Wednesday, January 14th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $206.00 price objective on shares of Five Below in a research note on Monday, February 9th. Finally, Craig Hallum reiterated a “buy” rating on shares of Five Below in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of “Moderate Buy” and an average price target of $205.75.

Five Below Trading Down 0.7%

NASDAQ FIVE opened at $217.03 on Tuesday. Five Below has a 1-year low of $52.38 and a 1-year high of $229.33. The stock has a 50-day moving average of $205.28 and a 200-day moving average of $175.30. The firm has a market cap of $11.97 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $201.15, for a total value of $1,709,775.00. Following the completion of the sale, the chief accounting officer directly owned 45,724 shares in the company, valued at $9,197,382.60. This trade represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathleen S. Barclay sold 2,200 shares of Five Below stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $182.03, for a total value of $400,466.00. Following the sale, the director directly owned 9,214 shares in the company, valued at approximately $1,677,224.42. The trade was a 19.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,725 shares of company stock valued at $3,536,020 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Several hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC boosted its holdings in shares of Five Below by 1.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,264 shares of the specialty retailer’s stock valued at $615,000 after buying an additional 49 shares in the last quarter. Optimize Financial Inc boosted its stake in Five Below by 1.4% during the fourth quarter. Optimize Financial Inc now owns 3,948 shares of the specialty retailer’s stock worth $744,000 after acquiring an additional 56 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Five Below by 1.6% in the fourth quarter. Benjamin Edwards Inc. now owns 3,743 shares of the specialty retailer’s stock worth $705,000 after purchasing an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC grew its holdings in Five Below by 0.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 12,338 shares of the specialty retailer’s stock worth $2,324,000 after purchasing an additional 66 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of Five Below by 2.7% during the fourth quarter. Lido Advisors LLC now owns 2,559 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 68 shares in the last quarter.

About Five Below

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.