Five Below (NASDAQ:FIVE) Given New $110.00 Price Target at UBS Group

Five Below (NASDAQ:FIVE) had its price objective reduced by UBS Group from $150.00 to $110.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Several other research analysts have also recently issued reports on FIVE. William Blair reissued a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. The Goldman Sachs Group raised their target price on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Loop Capital cut their price objective on shares of Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group cut their price objective on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, March 18th. Three research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $102.16.

Five Below Trading Up 0.2 %

NASDAQ:FIVE opened at $76.24 on Thursday. Five Below has a 12 month low of $64.87 and a 12 month high of $185.48. The firm has a fifty day simple moving average of $87.76 and a 200-day simple moving average of $92.63. The company has a market capitalization of $4.19 billion, a P/E ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm 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 analysts forecast that Five Below will post 4.93 EPS for the current year.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

A number of institutional investors and hedge funds have recently modified their holdings of FIVE. Wealth Enhancement Advisory Services LLC boosted its position in Five Below by 70.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,201 shares of the specialty retailer’s stock worth $756,000 after acquiring an additional 2,965 shares during the last quarter. Ascent Group LLC boosted its position in Five Below by 6.9% during the fourth quarter. Ascent Group LLC now owns 27,227 shares of the specialty retailer’s stock worth $2,858,000 after acquiring an additional 1,769 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Five Below during the fourth quarter worth about $1,452,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Five Below by 15.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,893 shares of the specialty retailer’s stock worth $17,097,000 after acquiring an additional 21,867 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in Five Below by 1,345.5% during the fourth quarter. Voloridge Investment Management LLC now owns 109,670 shares of the specialty retailer’s stock worth $11,511,000 after acquiring an additional 102,083 shares during the last quarter.

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.