Barclays Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its target price cut by investment analysts at Barclays from $100.00 to $93.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s target price suggests a potential upside of 21.98% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America lowered their price objective on Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research report on Thursday. William Blair reiterated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Telsey Advisory Group decreased their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, Truist Financial dropped their price target on Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Up 0.2 %

FIVE stock opened at $76.24 on Thursday. The business’s 50-day moving average price is $87.76 and its 200-day moving average price is $92.52. The stock has a market cap of $4.19 billion, a P/E ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11. Five Below has a twelve month low of $64.87 and a twelve month high of $185.48.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.65 EPS. On average, equities research analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five Below

Institutional investors and hedge funds have recently modified their holdings of the stock. Gradient Investments LLC lifted its stake in shares of Five Below by 0.7% during the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after purchasing an additional 111 shares during the last quarter. Bank of Montreal Can grew its stake in Five Below by 1.0% in the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock valued at $1,278,000 after purchasing an additional 123 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Five Below by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock worth $2,509,000 after purchasing an additional 150 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 158 shares during the last quarter. Finally, Cornerstone Investment Partners LLC boosted its holdings in shares of Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after buying an additional 162 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.