Five Below (NASDAQ:FIVE) Stock Price Down 4.3% – What’s Next?

Five Below, Inc. (NASDAQ:FIVE) traded down 4.3% during mid-day trading on Tuesday . The stock traded as low as $90.48 and last traded at $90.89. 580,735 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,421,525 shares. The stock had previously closed at $95.00.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial reiterated a “hold” rating and issued a $89.00 target price on shares of Five Below in a research note on Monday, August 26th. Mizuho reiterated a “neutral” rating and issued a $85.00 target price on shares of Five Below in a research note on Thursday, October 3rd. Bank of America increased their price objective on shares of Five Below from $87.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Craig Hallum increased their price objective on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.60.

Five Below Stock Down 1.7 %

The stock’s 50 day moving average price is $89.89 and its 200-day moving average price is $102.80. The stock has a market capitalization of $5.14 billion, a PE ratio of 18.70, a PEG ratio of 1.06 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, analysts forecast that Five Below, Inc. will post 4.55 earnings per share for the current year.

Hedge Funds Weigh In On Five Below

Several institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after acquiring an additional 38,419 shares in the last quarter. Capital World Investors grew its stake in Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after acquiring an additional 58,883 shares in the last quarter. Riverbridge Partners LLC lifted its position in Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after purchasing an additional 72,020 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the last quarter.

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.