The Goldman Sachs Group Lowers Five Below (NASDAQ:FIVE) Price Target to $102.00

Five Below (NASDAQ:FIVE) had its target price cut by equities researchers at The Goldman Sachs Group from $117.00 to $102.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 33.79% from the company’s current price.

A number of other research analysts have also commented on FIVE. Barclays cut their price target on Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday. Mizuho cut their target price on Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday. William Blair restated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Loop Capital cut their target price on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. Finally, Truist Financial cut their target price 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 given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Performance

FIVE opened at $76.24 on Friday. Five Below has a twelve month low of $64.87 and a twelve month high of $185.48. The firm has a market cap of $4.19 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The business has a 50 day moving average price of $87.76 and a 200 day moving average price of $92.63.

Five Below (NASDAQ:FIVE) last issued its quarterly 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. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $3.65 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This represents 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. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Several hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC raised its position in shares of Five Below by 0.7% during the fourth 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 period. Bank of Montreal Can grew its holdings in shares of Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock worth $1,278,000 after buying an additional 123 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Five Below by 0.6% during 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 buying an additional 150 shares in the last quarter. Sterling Capital Management LLC grew its holdings 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 worth $143,000 after buying an additional 158 shares in the last quarter. Finally, Cornerstone Investment Partners LLC grew its holdings in shares of Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after buying an additional 162 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.