Morgan Stanley Issues Pessimistic Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price target decreased by equities research analysts at Morgan Stanley from $120.00 to $110.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price target suggests a potential upside of 44.28% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Citigroup boosted their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Loop Capital cut their target price on shares of Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday. Bank of America lowered their price target on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a report on Thursday. Finally, Craig Hallum increased their price objective on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $102.16.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $76.24 on Thursday. The firm has a 50 day simple moving average of $87.76 and a 200 day simple moving average of $92.52. Five Below has a 52 week low of $64.87 and a 52 week high of $185.48. The company has a market cap of $4.19 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

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

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were 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 directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Five Below by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock valued at $529,792,000 after acquiring an additional 43,537 shares during the period. Wasatch Advisors LP boosted its stake in Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock valued at $254,012,000 after purchasing an additional 86,271 shares during the period. Marshall Wace LLP boosted its stake in Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after purchasing an additional 1,072,642 shares during the period. State Street Corp grew its holdings in Five Below by 1.9% in the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after buying an additional 31,520 shares during the last quarter. Finally, Steadfast Capital Management LP bought a new position in Five Below in the 4th quarter worth approximately $123,601,000.

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.