Five Below (NASDAQ:FIVE) Given New $75.00 Price Target at Bank of America

Five Below (NASDAQ:FIVE) had its target price decreased by Bank of America from $104.00 to $75.00 in a research note published on Thursday morning, Benzinga reports. Bank of America currently has a neutral rating on the specialty retailer’s stock.

FIVE has been the topic of several other reports. StockNews.com lowered shares of Five Below from a hold rating to a sell rating in a report on Saturday, June 8th. JPMorgan Chase & Co. cut their price target on shares of Five Below from $122.00 to $87.00 and set a neutral rating on the stock in a report on Wednesday, July 17th. William Blair lowered shares of Five Below from an outperform rating to a market perform rating in a report on Wednesday, July 17th. Craig Hallum cut their price target on shares of Five Below from $187.00 to $124.00 and set a hold rating on the stock in a report on Thursday, June 6th. Finally, Gordon Haskett lowered shares of Five Below from an accumulate rating to a hold rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $114.37.

Five Below Price Performance

Shares of Five Below stock traded up $0.27 during trading on Thursday, reaching $66.74. 1,349,463 shares of the stock traded hands, compared to its average volume of 1,310,491. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18. The business has a fifty day simple moving average of $97.92 and a two-hundred day simple moving average of $145.23. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its quarterly 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). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The business had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. During the same period in the previous year, the business posted $0.67 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. On average, research analysts predict that Five Below will post 4.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Five Below in the second quarter worth about $5,985,000. Dimensional Fund Advisors LP raised its position in shares of Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock worth $65,034,000 after acquiring an additional 167,330 shares during the period. WINTON GROUP Ltd raised its position in shares of Five Below by 72.1% in the second quarter. WINTON GROUP Ltd now owns 8,064 shares of the specialty retailer’s stock worth $879,000 after acquiring an additional 3,377 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Five Below by 23.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 90,174 shares of the specialty retailer’s stock worth $9,826,000 after acquiring an additional 17,093 shares during the period. Finally, Executive Wealth Management LLC raised its position in shares of Five Below by 31.2% in the second quarter. Executive Wealth Management LLC now owns 16,311 shares of the specialty retailer’s stock worth $1,777,000 after acquiring an additional 3,878 shares during the period.

Five Below Company Profile

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.