Five Below, Inc. (NASDAQ:FIVE – Get Free Report) 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.
Check Out Our Latest Stock Analysis on FIVE
Hedge Funds Weigh In On Five Below
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 – Get Free Report) 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.
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