Five Below, Inc. (NASDAQ:FIVE – Get Free Report) traded down 3.7% during mid-day trading on Friday after KeyCorp lowered their price target on the stock from $115.00 to $106.00. KeyCorp currently has an overweight rating on the stock. Five Below traded as low as $74.97 and last traded at $75.31. Approximately 213,423 shares were traded during trading, a decline of 84% from the average daily volume of 1,371,299 shares. The stock had previously closed at $78.24.
A number of other research firms have also recently commented on FIVE. Truist Financial reiterated a “hold” rating and set a $89.00 price objective on shares of Five Below in a research report on Monday. Wells Fargo & Company lowered their price objective on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Five Below from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $79.00 target price (down from $155.00) on shares of Five Below in a report on Thursday, July 18th. Finally, Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $109.63.
Institutional Investors Weigh In On Five Below
Several hedge funds and other institutional investors have recently modified their holdings of FIVE. Picton Mahoney Asset Management grew its position in Five Below by 3.1% in the 4th quarter. Picton Mahoney Asset Management now owns 2,530 shares of the specialty retailer’s stock valued at $540,000 after acquiring an additional 75 shares during the last quarter. Janney Capital Management LLC grew its holdings in shares of Five Below by 3.2% in the fourth quarter. Janney Capital Management LLC now owns 2,419 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 76 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Five Below by 1.7% in the fourth quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock worth $959,000 after purchasing an additional 76 shares during the last quarter. Parallel Advisors LLC increased its stake in Five Below by 86.3% in the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after buying an additional 82 shares during the period. Finally, HMS Capital Management LLC lifted its holdings in Five Below by 6.2% during the 1st quarter. HMS Capital Management LLC now owns 1,604 shares of the specialty retailer’s stock valued at $291,000 after buying an additional 94 shares in the last quarter.
Five Below Stock Performance
The firm has a market capitalization of $4.15 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.87 and a beta of 1.19. The stock’s 50 day simple moving average is $85.82 and its 200 day simple moving average is $134.75.
Five Below (NASDAQ:FIVE – Get Free Report) last released its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $811.86 million for the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, analysts anticipate that Five Below, Inc. will post 4.89 earnings per share for the current year.
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.