Five Below (NASDAQ:FIVE) Lowered to Sell Rating by StockNews.com

Five Below (NASDAQ:FIVE) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other brokerages have also recently issued reports on FIVE. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Guggenheim raised their price target on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, November 7th. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, Truist Financial upped their target price on Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Five Below currently has a consensus rating of “Hold” and a consensus price target of $116.15.

Five Below Trading Down 5.2 %

NASDAQ FIVE opened at $103.79 on Friday. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.15 and a beta of 1.18. The business’s 50 day moving average is $93.35 and its two-hundred day moving average is $93.99. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.26. The firm had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. Equities analysts forecast that Five Below will post 4.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five Below

Institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its holdings in shares of Five Below by 47.2% during the third quarter. Retirement Systems of Alabama now owns 151,344 shares of the specialty retailer’s stock valued at $13,371,000 after acquiring an additional 48,524 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Five Below during the 3rd quarter valued at $42,000. Teachers Retirement System of The State of Kentucky grew its holdings in Five Below by 52.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer’s stock worth $2,401,000 after acquiring an additional 9,336 shares during the period. Geode Capital Management LLC grew its stake in shares of Five Below by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock worth $86,559,000 after purchasing an additional 11,504 shares during the last quarter. Finally, Prestige Wealth Management Group LLC bought a new position in shares of Five Below in the third quarter valued at $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.