Five Below (NASDAQ:FIVE) Stock Rating Lowered by StockNews.com

Five Below (NASDAQ:FIVEGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Several other research firms have also issued reports on FIVE. Citigroup upgraded Five Below from a “neutral” rating to a “buy” rating and lifted their target price for the company from $176.00 to $205.00 in a research note on Thursday, March 31st. Telsey Advisory Group lowered their price target on Five Below from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Thursday, March 31st. Jefferies Financial Group lowered their price target on Five Below from $300.00 to $250.00 and set a “buy” rating for the company in a report on Friday, April 1st. Truist Financial lowered their price target on Five Below from $205.00 to $155.00 and set a “hold” rating for the company in a report on Thursday, May 19th. Finally, Loop Capital lowered their price target on Five Below from $210.00 to $165.00 in a report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $220.72.

FIVE traded down $2.01 on Tuesday, hitting $114.49. The company had a trading volume of 1,205,502 shares, compared to its average volume of 911,764. The stock has a fifty day moving average price of $158.55 and a 200-day moving average price of $173.91. Five Below has a 12-month low of $110.83 and a 12-month high of $237.86. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.11 and a beta of 1.31.

Five Below (NASDAQ:FIVEGet Rating) last posted its earnings results on Wednesday, March 30th. The specialty retailer reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.01. Five Below had a return on equity of 27.29% and a net margin of 9.79%. The company had revenue of $996.30 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, research analysts forecast that Five Below will post 5.5 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Five Below by 2.0% in the third quarter. Royal Bank of Canada now owns 193,054 shares of the specialty retailer’s stock valued at $34,134,000 after acquiring an additional 3,773 shares during the period. Qube Research & Technologies Ltd acquired a new position in Five Below in the fourth quarter valued at approximately $5,113,000. Advisor Partners LLC acquired a new position in Five Below in the fourth quarter valued at approximately $226,000. Fifth Third Bancorp lifted its holdings in Five Below by 7.0% in the fourth quarter. Fifth Third Bancorp now owns 1,015 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 66 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Five Below in the fourth quarter valued at approximately $99,170,000. 99.20% of the stock is owned by institutional investors.

Five Below Company Profile (Get Rating)

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including 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, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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