Mizuho Cuts Five Below (NASDAQ:FIVE) Price Target to $150.00

Five Below (NASDAQ:FIVEFree Report) had its price objective cut by Mizuho from $215.00 to $150.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Several other brokerages have also weighed in on FIVE. Wells Fargo & Company upgraded shares of Five Below from an equal weight rating to an overweight rating and set a $180.00 target price on the stock in a research report on Thursday, April 25th. Craig Hallum lowered their target price on shares of Five Below from $195.00 to $187.00 and set a hold rating on the stock in a research report on Thursday, March 21st. UBS Group lowered their target price on shares of Five Below from $270.00 to $245.00 and set a buy rating on the stock in a research report on Thursday, March 21st. Truist Financial lowered their target price on shares of Five Below from $204.00 to $176.00 and set a buy rating on the stock in a research report on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Five Below from $201.00 to $177.00 and set a buy rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Five Below presently has an average rating of Moderate Buy and a consensus price target of $178.39.

Check Out Our Latest Report on FIVE

Five Below Stock Down 10.6 %

Shares of Five Below stock opened at $118.72 on Thursday. Five Below has a 52-week low of $106.21 and a 52-week high of $216.18. The company’s 50-day simple moving average is $147.83 and its 200-day simple moving average is $178.21. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17.

Five Below (NASDAQ:FIVEGet Free Report) last issued its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a return on equity of 20.80% and a net margin of 8.46%. The firm had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Five Below will post 6.01 EPS for the current year.

Hedge Funds Weigh In On Five Below

Several institutional investors and hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its position in Five Below by 33.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,251 shares of the specialty retailer’s stock worth $3,693,000 after purchasing an additional 5,054 shares during the last quarter. Cetera Advisors LLC increased its position in Five Below by 127.8% during the first quarter. Cetera Advisors LLC now owns 4,585 shares of the specialty retailer’s stock worth $832,000 after purchasing an additional 2,572 shares during the last quarter. Cetera Investment Advisers increased its position in Five Below by 1,842.1% during the first quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after purchasing an additional 21,368 shares during the last quarter. LRI Investments LLC acquired a new position in Five Below during the first quarter worth approximately $38,000. Finally, Comerica Bank increased its position in Five Below by 2.9% during the first quarter. Comerica Bank now owns 98,260 shares of the specialty retailer’s stock worth $17,822,000 after purchasing an additional 2,804 shares during the last quarter.

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

Further Reading

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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