Five Below (NASDAQ:FIVE) Trading 3.9% Higher

Shares of Five Below, Inc. (NASDAQ:FIVE) were up 3.9% during mid-day trading on Monday . The company traded as high as $101.02 and last traded at $100.36. Approximately 121,588 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,415,779 shares. The stock had previously closed at $96.56.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley lowered Five Below from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $160.00 to $100.00 in a research note on Wednesday, July 17th. Mizuho cut shares of Five Below from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $150.00 to $85.00 in a research note on Wednesday, July 17th. Truist Financial restated a “hold” rating and set a $89.00 price objective on shares of Five Below in a research report on Monday, August 26th. UBS Group cut their target price on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, Evercore ISI lowered their price target on Five Below from $101.00 to $95.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of “Hold” and an average target price of $109.63.

Five Below Stock Performance

The business has a 50-day simple moving average of $79.61 and a 200 day simple moving average of $124.04. The firm has a market cap of $5.51 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Five Below during the second quarter valued at approximately $111,000. Sanctuary Advisors LLC purchased a new stake in shares of Five Below in the second quarter worth $1,291,000. Brown Financial Advisors bought a new position in shares of Five Below during the second quarter valued at $222,000. Point72 Asset Management L.P. boosted its stake in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares in the last quarter. Finally, Ascent Group LLC increased its stake in Five Below by 53.7% during the 2nd quarter. Ascent Group LLC now owns 23,068 shares of the specialty retailer’s stock valued at $2,514,000 after purchasing an additional 8,062 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.