Five Below (NASDAQ:FIVE) Downgraded to “Market Perform” Rating by Telsey Advisory Group

Telsey Advisory Group lowered shares of Five Below (NASDAQ:FIVE) from an outperform rating to a market perform rating in a report issued on Monday morning, MarketBeat reports. The brokerage currently has $95.00 target price on the specialty retailer’s stock, down from their previous target price of $102.00.

FIVE has been the topic of a number of other research reports. Evercore ISI increased their target price on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $98.00 to $75.00 in a research note on Wednesday, November 6th. Melius Research began coverage on shares of Five Below in a research report on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price for the company. Finally, JPMorgan Chase & Co. lowered shares of Five Below from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $89.00 to $95.00 in a report on Thursday, September 19th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $106.05.

Five Below Price Performance

NASDAQ:FIVE opened at $91.61 on Monday. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18. The company has a market cap of $5.04 billion, a P/E ratio of 18.03, a P/E/G ratio of 0.96 and a beta of 1.20. The stock’s fifty day moving average price is $91.01 and its two-hundred day moving average price is $96.46.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, analysts expect that Five Below will post 4.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LRI Investments LLC bought a new position in Five Below during the 1st quarter valued at about $38,000. Paladin Wealth LLC bought a new position in Five Below during the third quarter valued at approximately $26,000. Partnership Wealth Management LLC boosted its holdings in Five Below by 2,000.0% in the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 300 shares during the last quarter. Brooklyn Investment Group bought a new stake in Five Below in the 3rd quarter worth approximately $30,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Five Below during the 2nd quarter valued at $44,000.

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.