Mizuho Cuts Five Below (NASDAQ:FIVE) Price Target to $88.00

Five Below (NASDAQ:FIVE) had its price objective cut by Mizuho from $105.00 to $88.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Mizuho’s target price indicates a potential upside of 15.42% from the stock’s previous close.

Several other equities research analysts also recently issued reports on FIVE. JPMorgan Chase & Co. lowered their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Telsey Advisory Group lowered their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday. Wells Fargo & Company raised their target price on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Guggenheim upped their price target on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, William Blair restated a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $76.24 on Thursday. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.19 and a beta of 1.11. The firm’s 50 day simple moving average is $87.76 and its 200 day simple moving average is $92.52. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $185.48.

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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $3.65 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that Five Below will post 4.93 earnings per share for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’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 sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. UMB Bank n.a. lifted its stake in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares during the last quarter. Brooklyn Investment Group bought a new stake in Five Below in the third quarter valued at approximately $30,000. Coppell Advisory Solutions LLC lifted its position in shares of Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Five Below during the 3rd quarter worth approximately $42,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after acquiring an additional 558 shares during the period.

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.