Five Below (NASDAQ:FIVE) Hits New 12-Month Low at $70.48

Five Below, Inc. (NASDAQ:FIVE) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $70.48 and last traded at $70.82, with a volume of 701577 shares trading hands. The stock had previously closed at $72.74.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FIVE shares. Mizuho lowered Five Below from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $150.00 to $85.00 in a report on Wednesday, July 17th. UBS Group cut their price objective on Five Below from $223.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. Truist Financial lowered Five Below from a “buy” rating to a “hold” rating and reduced their target price for the company from $136.00 to $89.00 in a report on Wednesday, July 17th. Finally, Craig Hallum lowered their target price on shares of Five Below from $187.00 to $124.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Five Below presently has a consensus rating of “Hold” and a consensus target price of $115.89.

Five Below Price Performance

The stock has a market cap of $3.81 billion, a P/E ratio of 13.01, a PEG ratio of 0.87 and a beta of 1.19. The business’s 50 day simple moving average is $104.69 and its 200 day simple moving average is $149.47.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. Five Below’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. Research analysts predict that Five Below, Inc. will post 4.89 earnings per share for the current year.

Institutional Investors Weigh In On Five Below

Institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Five Below during the 4th quarter worth about $26,000. Rise Advisors LLC acquired a new position in Five Below in the 1st quarter valued at approximately $28,000. Partnership Wealth Management LLC increased its position in shares of Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after buying an additional 300 shares during the period. Quest Partners LLC acquired a new stake in Five Below in the fourth quarter worth $37,000. Finally, Parallel Advisors LLC lifted its stake in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 82 shares in the last quarter.

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.