Five Below (NASDAQ:FIVE) Price Target Lowered to $75.00 at Loop Capital

Five Below (NASDAQ:FIVE) had its target price decreased by equities research analysts at Loop Capital from $120.00 to $75.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price objective would suggest a potential downside of 0.78% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup increased their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. Morgan Stanley boosted their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Mizuho boosted their price target on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $107.37.

Five Below Price Performance

NASDAQ:FIVE opened at $75.59 on Tuesday. The stock has a market cap of $4.16 billion, a P/E ratio of 15.59, a PEG ratio of 1.19 and a beta of 1.11. Five Below has a one year low of $64.87 and a one year high of $209.79. The company has a fifty day moving average price of $88.76 and a 200 day moving average price of $92.63.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $3.65 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Five Below will post 4.93 EPS for the current year.

Insider Activity at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently bought and sold shares of the company. Steadfast Capital Management LP acquired a new stake in Five Below in the fourth quarter worth $123,601,000. Marshall Wace LLP raised its position in Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after acquiring an additional 1,072,642 shares during the period. Atreides Management LP bought a new stake in shares of Five Below in the third quarter valued at approximately $68,649,000. Two Sigma Advisers LP bought a new stake in shares of Five Below in the third quarter valued at approximately $64,981,000. Finally, Norges Bank purchased a new position in Five Below during the fourth quarter valued at approximately $66,933,000.

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.