Five Below (NASDAQ:FIVE) Price Target Cut to $85.00 by Analysts at Telsey Advisory Group

Five Below (NASDAQ:FIVE) had its price objective decreased by Telsey Advisory Group from $115.00 to $85.00 in a research report sent to investors on Tuesday morning, Marketbeat.com reports. Telsey Advisory Group currently has a market perform rating on the specialty retailer’s stock.

Other research analysts also recently issued reports about the company. Wells Fargo & Company lifted their target price on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. The Goldman Sachs Group lifted their target price on Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup lifted their target price on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Morgan Stanley lifted their target price on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Loop Capital lifted their target price on Five Below from $90.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Three equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $107.37.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $73.91 on Tuesday. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $209.79. The firm has a market capitalization of $4.07 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The stock’s 50-day simple moving average is $89.24 and its 200-day simple moving average is $92.75.

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,494 shares of Five Below 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 completion of the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Below

Several hedge funds and other institutional investors have recently bought and sold shares of FIVE. Steadfast Capital Management LP acquired a new position in Five Below during the fourth quarter worth $123,601,000. Marshall Wace LLP raised its holdings in shares of Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after acquiring an additional 1,072,642 shares during the last quarter. Atreides Management LP acquired a new position in shares of Five Below in the third quarter worth $68,649,000. Two Sigma Advisers LP acquired a new position in shares of Five Below in the third quarter worth $64,981,000. Finally, Norges Bank acquired a new position in shares of Five Below in the fourth quarter worth $66,933,000.

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.