Five Below (NASDAQ:FIVE) Lowered to “Sell” at StockNews.com

Posted by on Jun 17th, 2022

Five Below (NASDAQ:FIVE – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other analysts also recently commented on the company. Truist Financial dropped their price objective on Five Below from $155.00 to $154.00 and set a “buy” rating on the stock in a research note on Thursday, June 9th. Telsey Advisory Group dropped their price objective on Five Below from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, June 9th. Gordon Haskett downgraded Five Below from a “buy” rating to an “accumulate” rating and set a $140.00 price objective on the stock. in a research note on Thursday, June 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Five Below from $284.00 to $249.00 in a research note on Monday, June 6th. Finally, KeyCorp dropped their price target on Five Below from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Five Below presently has an average rating of “Buy” and a consensus target price of $189.56.

NASDAQ:FIVE opened at $116.32 on Friday. Five Below has a 12-month low of $110.83 and a 12-month high of $237.86. The firm has a market capitalization of $6.45 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.29 and a beta of 1.32. The stock’s fifty day simple moving average is $146.55 and its 200-day simple moving average is $164.45.

Five Below (NASDAQ:FIVE – Get Rating) last issued its quarterly earnings data on Wednesday, June 8th. The specialty retailer reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. The business had revenue of $639.60 million for the quarter, compared to the consensus estimate of $652.73 million. Five Below had a return on equity of 24.53% and a net margin of 9.06%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. On average, sell-side analysts predict that Five Below will post 5 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in FIVE. Acadian Asset Management LLC acquired a new stake in shares of Five Below in the fourth quarter valued at about $28,000. Atticus Wealth Management LLC bought a new position in Five Below during the fourth quarter worth about $29,000. SJS Investment Consulting Inc. grew its holdings in Five Below by 238.2% during the first quarter. SJS Investment Consulting Inc. now owns 186 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 131 shares during the period. Canada Pension Plan Investment Board grew its holdings in Five Below by 93.0% during the first quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 93 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in Five Below during the third quarter worth about $45,000. 99.20% of the stock is currently owned by institutional investors and hedge funds.

Five Below Company Profile (Get Rating)

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.

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