Five Below (NASDAQ:FIVE) Price Target Cut to $110.00 by Analysts at UBS Group

Five Below (NASDAQ:FIVE) had its target price trimmed by UBS Group from $150.00 to $110.00 in a research report released on Thursday,Benzinga reports. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other research analysts have also weighed in on FIVE. Truist Financial cut their target price on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research report on Thursday. Telsey Advisory Group lowered their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a report on Tuesday. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Wells Fargo & Company raised their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley cut their target price on shares of Five Below from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Five Below has a consensus rating of “Hold” and an average target price of $104.00.

Five Below Price Performance

Shares of NASDAQ:FIVE opened at $76.11 on Thursday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.19 and a beta of 1.11. The business has a 50-day moving average of $88.30 and a two-hundred day moving average of $92.51. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $187.83.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business earned $3.65 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts expect that Five Below will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Institutional investors and hedge funds have recently bought and sold shares of the business. Gradient Investments LLC raised its holdings in shares of Five Below by 0.7% in the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after buying an additional 111 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock worth $1,278,000 after purchasing an additional 123 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Five Below by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock valued at $2,509,000 after purchasing an additional 150 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Five Below by 13.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 158 shares in the last quarter. Finally, Cornerstone Investment Partners LLC raised its position in Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after purchasing an additional 162 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.