Five Below (NASDAQ:FIVE) Stock Rating Lowered by Telsey Advisory Group

Telsey Advisory Group cut shares of Five Below (NASDAQ:FIVE) from an outperform rating to a market perform rating in a research note released on Monday morning, Marketbeat.com reports. Telsey Advisory Group currently has $95.00 price objective on the specialty retailer’s stock, down from their prior price objective of $102.00.

A number of other research firms have also recently weighed in on FIVE. KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Bank of America downgraded Five Below from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. UBS Group lowered their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. The Goldman Sachs Group cut their price objective on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Gordon Haskett raised shares of Five Below from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.05.

Five Below Price Performance

Shares of FIVE stock opened at $91.61 on Monday. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18. The firm has a fifty day moving average price of $91.01 and a 200-day moving average price of $96.46. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.96 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate 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 will post 4.57 EPS for the current year.

Hedge Funds Weigh In On Five Below

Institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after purchasing an additional 31,520 shares in the last quarter. Riverbridge Partners LLC grew its holdings in Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after acquiring an additional 72,020 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Five Below by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares during the period. Finally, Atreides Management LP purchased a new position in Five Below during the third quarter valued at approximately $68,649,000.

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.