Five Below (NASDAQ:FIVE) Price Target Cut to $25.00 by Analysts at DA Davidson

Five Below (NASDAQ:FIVE) had its price objective cut by DA Davidson from $50.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the specialty retailer’s stock.

Several other research firms have also recently issued reports on FIVE. StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a report on Monday, March 24th. Bank of America reduced their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a research note on Thursday, March 20th. Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Evercore ISI reduced their price objective on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group lowered their target price on shares of Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $94.30.

Five Below Stock Performance

Shares of FIVE opened at $63.56 on Monday. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.19 and a beta of 1.01. The stock has a fifty day moving average price of $78.16 and a two-hundred day moving average price of $89.69. Five Below has a 52-week low of $52.38 and a 52-week high of $159.80.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.65 earnings per share. As a group, research analysts predict that Five Below will post 4.93 EPS for the current fiscal year.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated 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 in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gradient Investments LLC boosted its holdings in Five Below by 0.7% during the fourth quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after purchasing an additional 111 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Five Below by 1.0% during the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock worth $1,278,000 after buying an additional 123 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Five Below by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock valued at $2,509,000 after acquiring an additional 150 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Five Below by 13.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 158 shares during the last quarter. Finally, Cornerstone Investment Partners LLC raised its holdings in Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after acquiring an additional 162 shares in the last quarter.

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.