In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Five Below (FIVE – Research Report), with a price target of $235.00. The company’s shares opened today at $190.34.
According to TipRanks, Rusch is a top 25 analyst with an average return of 46.1% and a 56.91% success rate. Rusch covers the Technology sector, focusing on stocks such as Wolfspeed, Plug Power, and Velodyne Lidar.
Currently, the analyst consensus on Five Below is a Strong Buy with an average price target of $199.94, representing a 5.04% upside. In a report released on January 19, Jefferies also maintained a Buy rating on the stock with a $215.00 price target.
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FIVE market cap is currently $10.64B and has a P/E ratio of 46.65.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIVE in relation to earlier this year. Last month, Eric Specter, the CAO of FIVE sold 9,500.00 shares for a total of $1,746,005.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.
Read More on FIVE:
- Five Below price target raised to $210 from $200 at Guggenheim
- Five Below, Inc. Announces Holiday Sales Results for Quarter-To-Date Through January 7, 2023
- Five Below CEO Joel Anderson says entering 2023 with momentum
- Five Below sees Q4 and FY22 ‘near high end of prior guidance ranges’
- Five Below price target raised to $195 from $190 at Wells Fargo