Five Below (NASDAQ:FIVE) Rating Lowered to “Underperform” at Bank of America

Five Below (NASDAQ:FIVE) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Wednesday, MarketBeat reports. They presently have a $75.00 target price on the specialty retailer’s stock, down from their prior target price of $98.00. Bank of America‘s price target would suggest a potential downside of 18.05% from the company’s current price.

Several other equities research analysts have also issued reports on FIVE. Gordon Haskett lowered Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 24th. UBS Group dropped their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Citigroup decreased 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 note on Wednesday, August 21st. Truist Financial reaffirmed a “hold” rating and set a $89.00 target price on shares of Five Below in a research note on Monday, August 26th. Finally, Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $176.00 to $90.00 in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Five Below currently has a consensus rating of “Hold” and a consensus price target of $106.40.

Five Below Stock Up 8.4 %

Shares of FIVE stock opened at $91.52 on Wednesday. The company’s fifty day simple moving average is $90.49 and its two-hundred day simple moving average is $102.20. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The stock has a market cap of $5.03 billion, a P/E ratio of 18.02, a PEG ratio of 1.05 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, analysts anticipate that Five Below will post 4.55 EPS for the current fiscal year.

Institutional Trading of Five Below

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Five Below by 1.0% in 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 buying an additional 38,419 shares during the last quarter. Capital World Investors lifted its stake in shares of Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after buying an additional 58,883 shares during the period. Riverbridge Partners LLC grew its holdings in shares of 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 buying an additional 72,020 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares during the period. Finally, Marshall Wace LLP raised its stake in Five Below by 51.9% in the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock worth $66,003,000 after acquiring an additional 207,083 shares during 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.