Five Below (NASDAQ:FIVE) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Five Below (NASDAQ:FIVE) from a hold rating to a sell rating in a report published on Friday morning.

Other analysts have also recently issued reports about the stock. Truist Financial raised their price target on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, December 5th. KeyCorp lowered shares of Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Telsey Advisory Group increased their price objective on Five Below from $95.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. The Goldman Sachs Group boosted their target price on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Evercore ISI increased their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Five Below has an average rating of “Hold” and an average target price of $116.15.

Five Below Stock Up 0.2 %

Shares of FIVE stock opened at $103.95 on Friday. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.12 and a beta of 1.18. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18. The company’s 50 day moving average is $93.55 and its 200 day moving average is $93.25.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. The business had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. Analysts anticipate that Five Below will post 4.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several large investors have recently made changes to their positions in the company. Retirement Systems of Alabama raised its stake in shares of Five Below by 47.2% during the 3rd quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock worth $13,371,000 after buying an additional 48,524 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the third quarter worth $42,000. Teachers Retirement System of The State of Kentucky grew its stake in Five Below by 52.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock valued at $2,401,000 after acquiring an additional 9,336 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of Five Below in the 3rd quarter worth $522,000.

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.