Five Below (NASDAQ:FIVE) Cut to Accumulate at Gordon Haskett

Five Below (NASDAQ:FIVEGet Rating) was downgraded by Gordon Haskett from a “buy” rating to an “accumulate” rating in a report issued on Thursday, The Fly reports.

FIVE has been the topic of a number of other reports. Telsey Advisory Group decreased their price objective on Five Below from $175.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th. Truist Financial decreased their price objective on Five Below from $205.00 to $155.00 and set a “hold” rating on the stock in a report on Thursday, May 19th. Berenberg Bank assumed coverage on Five Below in a research report on Tuesday, April 19th. They set a “hold” rating and a $181.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Five Below from $284.00 to $249.00 in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $206.65.

NASDAQ:FIVE opened at $135.37 on Thursday. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.32. Five Below has a twelve month low of $110.83 and a twelve month high of $237.86. The stock’s 50 day moving average price is $151.47 and its two-hundred day moving average price is $168.04.

Five Below (NASDAQ:FIVEGet Rating) last posted its earnings results on Wednesday, June 8th. The specialty retailer reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $639.60 million for the quarter, compared to analyst estimates of $652.73 million. Five Below had a return on equity of 27.29% and a net margin of 9.79%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. As a group, equities research analysts forecast that Five Below will post 5.49 EPS for the current year.

A number of institutional investors have recently bought and sold shares of FIVE. David J Yvars Group raised its position in Five Below by 19,421.0% in the fourth quarter. David J Yvars Group now owns 701,779 shares of the specialty retailer’s stock valued at $702,000 after purchasing an additional 698,184 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Five Below in the fourth quarter valued at about $140,494,000. Balyasny Asset Management LLC increased its stake in shares of Five Below by 2,394.6% in the third quarter. Balyasny Asset Management LLC now owns 512,637 shares of the specialty retailer’s stock valued at $90,639,000 after buying an additional 492,087 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Five Below in the fourth quarter valued at about $99,170,000. Finally, Wasatch Advisors Inc. increased its stake in shares of Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after buying an additional 471,349 shares during the period. Hedge funds and other institutional investors own 99.20% of the company’s stock.

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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