Five Below (NASDAQ:FIVE – Free Report) Citigroup lowered its price target from $92.00 to $85.00 in a report published Wednesday morning, Benzinga reports. They currently rate the specialty retailer’s stock as neutral.
Several other research firms have also commented on FIVE. Bank of America decreased their price target on shares of Five Below from $104.00 to $75.00 and gave the stock a neutral rating in a research note on Thursday, August 8th. Loop Capital reduced their price target on shares of Five Below from $190.00 to $120.00 and gave the stock a hold rating in a report on Friday, June 7th. William Blair downgraded shares of Five Below from an outperform rating to a market perform rating in a report on Wednesday, July 17th. Evercore ISI downgraded shares of Five Below from an outperform rating to an in-line rating and decreased their price target on the stock from $160.00 to $113.00 in a report on Wednesday, July 17th. Finally, Wells Fargo & Company reduced their price target on shares of Five Below from $145.00 to $115.00 and gave the company an overweight rating in a report on Wednesday, July 17. One equities analyst rated the stock with a sell rating, thirteen have given a hold rating, and six have given a buy rating. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $113.37.
Read our latest report on FIVE
Five Below records an increase of 4.3%
Shares of FIVE opened at $80.67 on Wednesday. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18. The company’s 50-day moving average price is $90.44 and its 200-day moving average price is $139.12. The company has a market cap of $4.44 billion, a P/E ratio of 15.16, a PEG ratio of 0.87 and a beta of 1.19.
Five Below (NASDAQ:FIVE – Get Free Report) last released its quarterly earnings results on Wednesday, June 5. The specialty retailer reported earnings per share of $0.60 for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $811.86 million for the quarter, compared to analyst estimates 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 grew 11.8% year-over-year. During the same quarter last year, the company generated earnings per share of $0.67. As a group, equities analysts forecast that Five Below will report earnings per share of $4.89 for the current fiscal year.
Institutional trading with Five Below
A number of institutional investors and hedge funds have recently made changes to their positions in FIVE. V Square Quantitative Management LLC acquired a new stake in Five Below in the 4th quarter valued at around $26,000. Rise Advisors LLC acquired a new stake in Five Below in the 1st quarter valued at around $28,000. Partnership Wealth Management LLC increased its position in Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. Quest Partners LLC acquired a new position in Five Below in the 4th quarter valued at around $37,000. Finally, Parallel Advisors LLC increased its position in Five Below by 86.3% in the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter.
About Five Below
(Get free report)
Five Below, Inc. is a specialty retailer in the United States. The company offers a range of accessories including fancy socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and pants, and t-shirts, as well as nail polish, lip gloss, perfume, and branded cosmetics. The company also offers personalized home accessories such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, fancy decorations, accent furniture and related items, and storage options.
See also
Get daily news and reviews on Five Below – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Five Below and related companies with MarketBeat.com’s FREE daily email newsletter.
