Five Below (NASDAQ:FIVE) Reaches New 12-Month Low at $71.56

Shares of Five Below, Inc. (NASDAQ:FIVE) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $71.56 and last traded at $72.10, with a volume of 91458 shares changing hands. The stock had previously closed at $73.00.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FIVE shares. Guggenheim lowered their price target on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Mizuho downgraded Five Below from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $150.00 to $85.00 in a research report on Wednesday, July 17th. UBS Group cut their price target on Five Below from $223.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Truist Financial cut Five Below from a “buy” rating to a “hold” rating and cut their price target for the stock from $136.00 to $89.00 in a research note on Wednesday, July 17th. Finally, Evercore ISI cut Five Below from an “outperform” rating to an “inline” rating and cut their price target for the stock from $160.00 to $113.00 in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Five Below currently has a consensus rating of “Hold” and an average target price of $115.89.

Five Below Price Performance

The stock has a fifty day moving average price of $113.48 and a 200-day moving average price of $155.04. The company has a market cap of $3.98 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.94 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last released its 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). The business had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. Five Below’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 EPS. On average, equities analysts anticipate that Five Below, Inc. will post 4.89 earnings per share for the current year.

Institutional Trading of Five Below

Hedge funds and other institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Five Below during the fourth quarter worth $26,000. Rise Advisors LLC acquired a new position in Five Below during the first quarter worth $28,000. Planned Solutions Inc. acquired a new stake in shares of Five Below in the fourth quarter valued at about $34,000. CVA Family Office LLC acquired a new stake in shares of Five Below in the fourth quarter valued at about $36,000. Finally, Quest Partners LLC acquired a new stake in shares of Five Below in the fourth quarter valued at about $37,000.

About Five Below

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.