Five Below (NASDAQ:FIVE) Trading Down 3.6% Following Weak Earnings

Five Below, Inc. (NASDAQ:FIVEGet Free Report)’s share price traded down 3.6% during mid-day trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $132.50 and last traded at $132.88. 1,789,082 shares were traded during trading, an increase of 100% from the average session volume of 895,446 shares. The stock had previously closed at $137.87.

The specialty retailer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS.

Wall Street Analyst Weigh In

FIVE has been the subject of a number of research analyst reports. Mizuho lowered their price target on Five Below from $215.00 to $150.00 and set a “buy” rating for the company in a report on Thursday. Guggenheim lowered their target price on shares of Five Below from $230.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley reduced their price target on shares of Five Below from $210.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group decreased their price objective on shares of Five Below from $245.00 to $223.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Truist Financial dropped their target price on shares of Five Below from $176.00 to $136.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.39.

View Our Latest Analysis on Five Below

Institutional Investors Weigh In On Five Below

Several large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Five Below during the fourth quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Five Below in the 1st quarter valued at $28,000. Planned Solutions Inc. acquired a new stake in shares of Five Below in the 4th quarter valued at $34,000. CVA Family Office LLC purchased a new stake in shares of Five Below during the 4th quarter worth $36,000. Finally, Quest Partners LLC acquired a new position in shares of Five Below during the fourth quarter worth $37,000.

Five Below Stock Down 10.6 %

The stock has a market cap of $6.56 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17. The firm has a fifty day moving average of $147.83 and a 200 day moving average of $178.21.

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 décor, accent furniture, and related items, as well as provides storage options.

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