Five Below (NASDAQ:FIVE) Stock Price Down 3.9%

Five Below, Inc. (NASDAQ:FIVE)’s stock price dropped 3.9% during mid-day trading on Monday . The stock traded as low as $88.45 and last traded at $88.97. Approximately 249,242 shares traded hands during trading, a decline of 83% from the average daily volume of 1,443,004 shares. The stock had previously closed at $92.59.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Loop Capital decreased their price objective on Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, June 7th. Barclays downgraded shares of Five Below from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $176.00 to $90.00 in a research report on Wednesday, July 17th. Telsey Advisory Group cut their price target on Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. KeyCorp lowered their price objective on Five Below from $115.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, William Blair cut Five Below from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $110.00.

Five Below Price Performance

The company has a 50-day moving average of $80.06 and a 200 day moving average of $117.81. The company has a market cap of $4.92 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. Equities research analysts expect that Five Below, Inc. will post 4.55 EPS for the current year.

Hedge Funds Weigh In On Five Below

Several hedge funds have recently added to or reduced their stakes in FIVE. Price T Rowe Associates Inc. MD boosted its position in shares of Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after buying an additional 38,419 shares during the period. Capital World Investors boosted its holdings in Five Below by 2.5% during the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after acquiring an additional 58,883 shares during the period. Wasatch Advisors LP grew its stake in Five Below by 2.1% in the 1st quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock worth $340,278,000 after acquiring an additional 37,797 shares in the last quarter. Riverbridge Partners LLC raised its stake in shares of Five Below by 5.5% during the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after acquiring an additional 72,020 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after acquiring an additional 769,980 shares in the last quarter.

About Five Below

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.