Bank of America Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its target price cut by equities research analysts at Bank of America from $88.00 to $75.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the specialty retailer’s stock. Bank of America‘s price objective suggests a potential downside of 1.63% from the company’s current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their target price on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Truist Financial increased 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. Wells Fargo & Company increased their target price on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Barclays increased their target price on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Guggenheim increased their target price on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Up 0.2 %

NASDAQ FIVE opened at $76.24 on Thursday. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $185.48. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The business has a fifty day moving average of $87.76 and a 200-day moving average of $92.52.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion during 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 business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.65 earnings per share. As a group, analysts anticipate that Five Below will post 4.93 EPS for the current year.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its stake in Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 204 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Five Below during the 3rd quarter valued at approximately $30,000. Coppell Advisory Solutions LLC grew its stake in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 253 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Five Below during the 3rd quarter valued at approximately $42,000. Finally, EverSource Wealth Advisors LLC grew its stake in Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 558 shares in the last quarter.

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.