Five Below (NASDAQ:FIVE – Get Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
Several other brokerages have also weighed in on FIVE. Barclays upped their target price on shares of Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Truist Financial raised their price objective on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. UBS Group decreased their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Evercore ISI lifted their price target on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $116.15.
Check Out Our Latest Stock Report on Five Below
Five Below Price Performance
Five Below (NASDAQ:FIVE – Get Free Report) last released its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. During the same quarter last year, the company earned $0.26 earnings per share. Five Below’s quarterly revenue was up 14.6% compared to the same quarter last year. Research analysts anticipate that Five Below will post 4.94 EPS for the current year.
Institutional Trading of Five Below
Hedge funds have recently added to or reduced their stakes in the business. Atreides Management LP acquired a new position in shares of Five Below during the 3rd quarter valued at about $68,649,000. Point72 Asset Management L.P. increased its position in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares during the last quarter. Two Sigma Advisers LP purchased a new position in Five Below during the third quarter worth approximately $64,981,000. Holocene Advisors LP acquired a new position in shares of Five Below in the 3rd quarter valued at $38,829,000. Finally, Wellington Management Group LLP grew its stake in shares of Five Below by 1,042.4% during the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock valued at $34,545,000 after buying an additional 356,776 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.
Featured Stories
- Five stocks we like better than Five Below
- About the Markup Calculator
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- Airline Stocks – Top Airline Stocks to Buy Now
- Texas Instruments: The Old-School Tech Titan Still Delivering
- 3 REITs to Buy and Hold for the Long Term
- GRAIL: Biotech Stock Targeting $100B Cancer Market
Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.