Five Below (NASDAQ:FIVE) Shares Gap Down After Earnings Miss

Five Below, Inc. (NASDAQ:FIVEGet Free Report)’s share price gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $208.97, but opened at $183.00. Five Below shares last traded at $183.04, with a volume of 484,602 shares traded.

The specialty retailer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a return on equity of 21.48% and a net margin of 8.46%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company posted $3.07 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis.

Wall Street Analyst Weigh In

FIVE has been the topic of a number of recent research reports. Telsey Advisory Group cut their target price on Five Below from $230.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday. Evercore ISI dropped their price objective on Five Below from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Thursday. Oppenheimer cut Five Below from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $235.00 to $200.00 in a research report on Tuesday, January 30th. JPMorgan Chase & Co. dropped their price objective on Five Below from $222.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Morgan Stanley dropped their price objective on Five Below from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $213.88.

Check Out Our Latest Analysis on Five Below

Insider Buying and Selling at Five Below

In other Five Below news, Director Thomas Vellios sold 10,000 shares of Five Below stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $185.82, for a total transaction of $1,858,200.00. Following the transaction, the director now owns 333,697 shares of the company’s stock, valued at $62,007,576.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Five Below

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in shares of Five Below in the fourth quarter worth $26,000. Sunbelt Securities Inc. increased its position in Five Below by 76.3% in the second quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Planned Solutions Inc. bought a new stake in Five Below in the fourth quarter worth $34,000. CVA Family Office LLC bought a new stake in Five Below in the fourth quarter worth $36,000. Finally, Quest Partners LLC bought a new stake in Five Below in the fourth quarter worth $37,000.

Five Below Price Performance

The firm’s 50-day moving average is $192.68 and its two-hundred day moving average is $184.52. The company has a market cap of $9.44 billion, a P/E ratio of 31.55, a PEG ratio of 1.57 and a beta of 1.21.

Five Below Company Profile

(Get Free Report)

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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty d├ęcor, accent furniture, and related items, as well as provides storage options.

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