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

StockNews.com lowered shares of Five Below (NASDAQ:FIVEFree Report) from a hold rating to a sell rating in a report released on Thursday morning.

Other research analysts have also issued research reports about the stock. Citigroup cut their price target on shares of Five Below from $210.00 to $185.00 and set a buy rating on the stock in a research note on Wednesday. Barclays cut their price target on shares of Five Below from $225.00 to $214.00 and set an overweight rating on the stock in a research note on Friday, March 22nd. Truist Financial cut their price target on shares of Five Below from $204.00 to $176.00 and set a buy rating on the stock in a research note on Tuesday. Craig Hallum cut their price target on shares of Five Below from $195.00 to $187.00 and set a hold rating on the stock in a research note on Thursday, March 21st. Finally, Wells Fargo & Company raised shares of Five Below from an equal weight rating to an overweight rating and set a $180.00 price objective on the stock in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $206.44.

Read Our Latest Report on Five Below

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $134.71 on Thursday. The stock has a market cap of $7.44 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.07 and a beta of 1.21. The firm has a 50 day moving average price of $150.98 and a 200 day moving average price of $179.41. Five Below has a 52-week low of $128.64 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVEGet Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.07 EPS. Analysts predict that Five Below will post 6.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several institutional investors and hedge funds have recently modified their holdings of FIVE. Nomura Asset Management Co. Ltd. increased its holdings in shares of Five Below by 5.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 3,291 shares of the specialty retailer’s stock valued at $530,000 after purchasing an additional 162 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Five Below by 1.4% in the third quarter. Arizona State Retirement System now owns 15,849 shares of the specialty retailer’s stock valued at $2,550,000 after purchasing an additional 216 shares during the last quarter. Barclays PLC increased its holdings in shares of Five Below by 213.6% in the third quarter. Barclays PLC now owns 168,519 shares of the specialty retailer’s stock valued at $27,116,000 after purchasing an additional 114,782 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Five Below by 6.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 96,856 shares of the specialty retailer’s stock valued at $15,584,000 after purchasing an additional 5,754 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Five Below in the third quarter valued at $29,181,000.

About Five Below

(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 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.

Further Reading

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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