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

Gordon Haskett lowered shares of Five Below (NASDAQ:FIVEFree Report) from a buy rating to an accumulate rating in a report published on Wednesday, MarketBeat Ratings reports. Gordon Haskett currently has $200.00 price target on the specialty retailer’s stock, down from their previous price target of $210.00.

FIVE has been the topic of a number of other research reports. UBS Group decreased their price target on shares of Five Below from $270.00 to $245.00 and set a buy rating on the stock in a report on Thursday, March 21st. Telsey Advisory Group reduced their target price on shares of Five Below from $230.00 to $220.00 and set an outperform rating on the stock in a report on Thursday, March 21st. Evercore ISI reduced their target price on shares of Five Below from $240.00 to $230.00 and set an outperform rating on the stock in a report on Thursday, March 21st. Mizuho assumed coverage on shares of Five Below in a report on Tuesday, March 19th. They set a buy rating and a $225.00 target price on the stock. Finally, Craig Hallum reduced their target price on shares of Five Below from $195.00 to $187.00 and set a hold rating on the stock in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Five Below has a consensus rating of Moderate Buy and an average target price of $213.11.

View Our Latest Research Report on FIVE

Five Below Stock Down 3.7 %

Shares of FIVE opened at $164.74 on Wednesday. The firm has a market cap of $9.10 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. The company’s fifty day moving average is $190.80 and its two-hundred day moving average is $185.54. Five Below has a fifty-two week low of $144.57 and a fifty-two week high of $220.19.

Five Below (NASDAQ:FIVEGet Free Report) last announced its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.07 EPS. As a group, equities research analysts anticipate that Five Below will post 6.06 earnings per share for the current year.

Insider Transactions at Five Below

In other news, Director Thomas Vellios sold 10,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $185.82, for a total value of $1,858,200.00. Following the completion of the sale, the director now owns 333,697 shares of the company’s stock, valued at approximately $62,007,576.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Five Below

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in shares of Five Below in the 4th quarter worth about $26,000. Sunbelt Securities Inc. boosted its holdings in shares of Five Below by 76.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 58 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Five Below by 93.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 193 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 93 shares during the period. Planned Solutions Inc. acquired a new position in shares of Five Below in the 4th quarter valued at about $34,000. Finally, CVA Family Office LLC acquired a new position in shares of Five Below in the 4th quarter valued at about $36,000.

Five Below Company Profile

(Get Free Report)

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 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.

Further Reading

Analyst Recommendations for Five Below (NASDAQ:FIVE)

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