Five Below (NASDAQ:FIVE) Trading Down 3.7% on Analyst Downgrade

Five Below, Inc. (NASDAQ:FIVE) was 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 changed hands during trading, a decline of 84% from the average daily volume of 1,371,299 shares. The stock had previously closed at $78.24.

Other analysts have also recently issued research reports about the stock. Telsey Advisory Group dropped their price target on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays cut shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. William Blair cut shares of Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Gordon Haskett cut shares of Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.63.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently made changes to their positions in FIVE. Point72 Asset Management L.P. lifted its holdings in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares in the last quarter. Junto Capital Management LP acquired a new stake in Five Below during the 4th quarter worth approximately $73,472,000. Norges Bank acquired a new stake in Five Below during the 4th quarter worth approximately $68,825,000. Marshall Wace LLP lifted its holdings in Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after buying an additional 207,083 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Five Below by 39.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after buying an additional 167,330 shares in the last quarter.

Five Below Trading Down 3.6 %

The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19. The stock’s fifty day simple moving average is $85.03 and its 200-day simple moving average is $133.96.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business 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%. Five Below’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. On average, analysts anticipate that Five Below, Inc. will post 4.89 EPS for the current fiscal 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.