Five Below (NASDAQ:FIVE) Upgraded by StockNews.com to “Hold” Rating

Five Below (NASDAQ:FIVE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

FIVE has been the topic of several other reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a research report on Thursday. Bank of America reduced their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note on Thursday. Loop Capital lowered their price target on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company raised their price objective on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Guggenheim lowered their price objective on Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $102.16.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded up $2.99 on Monday, hitting $79.23. The company’s stock had a trading volume of 1,837,395 shares, compared to its average volume of 1,762,499. Five Below has a 12 month low of $64.87 and a 12 month high of $185.48. The stock’s 50-day moving average is $87.34 and its two-hundred day moving average is $92.78. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last issued 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. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.65 EPS. Equities analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Institutional Trading of Five Below

Several hedge funds have recently added to or reduced their stakes in FIVE. Brooklyn Investment Group bought a new position in Five Below in the third quarter valued at approximately $30,000. Proficio Capital Partners LLC bought a new stake in Five Below in the 4th quarter valued at $31,000. UMB Bank n.a. lifted its position in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Five Below in the 3rd quarter worth $42,000. Finally, Coppell Advisory Solutions LLC increased its holdings in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 253 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.