Five Below (NASDAQ:FIVE) had its target price dropped by investment analysts at Barclays from $130.00 to $115.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Barclays‘s target price would suggest a potential downside of 0.30% from the company’s previous close.
Several other equities analysts also recently commented on the company. Gordon Haskett downgraded Five Below from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $150.00 to $135.00 in a report on Wednesday, January 8th. ValuEngine downgraded Five Below from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America restated a “buy” rating and issued a $150.00 price objective on shares of Five Below in a research note on Thursday, December 5th. Loop Capital set a $145.00 price objective on shares of Five Below and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Tuesday, December 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $138.84.
FIVE stock traded up $1.54 during midday trading on Tuesday, hitting $115.35. 23,199 shares of the company traded hands, compared to its average volume of 1,947,699. Five Below has a twelve month low of $95.52 and a twelve month high of $148.21. The company has a quick ratio of 0.52, a current ratio of 1.57 and a debt-to-equity ratio of 1.22. The business has a 50 day simple moving average of $122.89 and a 200-day simple moving average of $123.32. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 1.56 and a beta of 0.50.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Five Below had a return on equity of 23.01% and a net margin of 8.74%. The company had revenue of $377.40 million for the quarter, compared to the consensus estimate of $373.64 million. During the same quarter last year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts forecast that Five Below will post 3.01 EPS for the current year.
A number of hedge funds have recently modified their holdings of the stock. Riverbridge Partners LLC lifted its position in Five Below by 2.7% in the third quarter. Riverbridge Partners LLC now owns 1,028,864 shares of the specialty retailer’s stock worth $129,740,000 after purchasing an additional 27,091 shares during the period. Macquarie Group Ltd. lifted its position in Five Below by 17.2% in the second quarter. Macquarie Group Ltd. now owns 983,272 shares of the specialty retailer’s stock worth $118,012,000 after purchasing an additional 144,130 shares during the period. Voya Investment Management LLC lifted its position in Five Below by 19.0% in the third quarter. Voya Investment Management LLC now owns 941,333 shares of the specialty retailer’s stock worth $118,702,000 after purchasing an additional 150,361 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Five Below by 8.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 932,362 shares of the specialty retailer’s stock worth $117,571,000 after purchasing an additional 76,519 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Five Below by 13.8% during the second quarter. Invesco Ltd. now owns 874,474 shares of the specialty retailer’s stock valued at $104,954,000 after acquiring an additional 105,764 shares during the period. 97.00% of the stock is owned by hedge funds and other institutional investors.
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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