Five Below (NASDAQ:FIVE) Stock Price Down 2%

Five Below, Inc. (NASDAQ:FIVE)’s share price dropped 2% during trading on Thursday . The stock traded as low as $95.03 and last traded at $98.16. Approximately 268,204 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,422,266 shares. The stock had previously closed at $100.20.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Telsey Advisory Group cut their target price on Five Below from $120.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. The Goldman Sachs Group decreased their target price on Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. KeyCorp cut their price target on Five Below from $115.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, Craig Hallum raised Five Below from a “hold” rating to a “buy” rating and decreased their price objective for the company from $108.00 to $102.00 in a report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.95.

Five Below Stock Performance

The company’s fifty day moving average price is $79.31 and its two-hundred day moving average price is $122.95. The firm has a market capitalization of $5.25 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21.

Institutional Trading of Five Below

A number of institutional investors and hedge funds have recently made changes to their positions in FIVE. BNP Paribas Financial Markets lifted its stake in shares of Five Below by 30.4% in the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock valued at $2,462,000 after purchasing an additional 3,166 shares in the last quarter. Cetera Investment Advisers boosted its stake in Five Below by 1,842.1% during the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock valued at $4,086,000 after acquiring an additional 21,368 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Five Below during the 1st quarter worth $2,656,000. Price T Rowe Associates Inc. MD raised its stake in shares of Five Below by 1.0% in the 1st 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 purchasing an additional 38,419 shares in the last quarter. Finally, Bridgefront Capital LLC grew its stake in Five Below by 379.0% in the fourth quarter. Bridgefront Capital LLC now owns 7,970 shares of the specialty retailer’s stock worth $1,699,000 after purchasing an additional 6,306 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.