Five Below (NASDAQ:FIVE) Shares Down 3.9%

Five Below, Inc. (NASDAQ:FIVE)’s stock price dropped 3.9% during trading on Monday . The company traded as low as $88.45 and last traded at $88.97. Approximately 249,242 shares changed hands during trading, a decline of 83% from the average daily volume of 1,443,004 shares. The stock had previously closed at $92.59.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FIVE. Citigroup reduced their price target on Five Below from $92.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Melius Research began coverage on Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target for the company. The Goldman Sachs Group cut their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Craig Hallum raised shares of Five Below from a “hold” rating to a “buy” rating and decreased their price objective for the company from $108.00 to $102.00 in a research report on Thursday, August 29th. Finally, Morgan Stanley downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $160.00 to $100.00 in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $110.00.

Five Below Stock Performance

The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.06 and a beta of 1.21. The business’s 50 day moving average price is $80.06 and its 200 day moving average price is $117.81.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The company had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. Sell-side analysts anticipate that Five Below, Inc. will post 4.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in shares of Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after buying an additional 82 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Five Below by 2.6% during the 4th quarter. Stifel Financial Corp now owns 42,017 shares of the specialty retailer’s stock worth $8,956,000 after purchasing an additional 1,078 shares during the period. Treasurer of the State of North Carolina raised its holdings in Five Below by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,991 shares of the specialty retailer’s stock valued at $5,327,000 after buying an additional 240 shares during the period. Bank of Nova Scotia acquired a new position in Five Below in the fourth quarter valued at about $331,000. Finally, KBC Group NV acquired a new stake in shares of Five Below during the fourth quarter valued at about $222,000.

Five Below Company Profile

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.