Five Below (NASDAQ:FIVE) Rating Increased to Hold at StockNews.com

Five Below (NASDAQ:FIVE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other equities research analysts have also recently issued reports on the company. Wells Fargo & Company boosted their price objective on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Loop Capital reduced their price target on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. Craig Hallum increased their price objective on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Mizuho reduced their target price on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, UBS Group lowered their price target on shares of Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Five Below currently has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Price Performance

NASDAQ FIVE traded up $2.99 on Monday, hitting $79.23. 1,837,395 shares of the stock were exchanged, compared to its average volume of 1,762,499. The company has a market capitalization of $4.36 billion, a PE ratio of 16.34, a P/E/G ratio of 1.19 and a beta of 1.11. The business’s fifty day moving average is $87.34 and its 200 day moving average is $92.78. Five Below has a 52 week low of $64.87 and a 52 week high of $185.48.

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

Insider Activity at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the firm’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 transaction of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares in the company, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in Five Below by 70.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,201 shares of the specialty retailer’s stock worth $756,000 after acquiring an additional 2,965 shares during the last quarter. Ascent Group LLC grew its holdings in shares of Five Below by 6.9% during the fourth quarter. Ascent Group LLC now owns 27,227 shares of the specialty retailer’s stock worth $2,858,000 after purchasing an additional 1,769 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Five Below in the fourth quarter valued at approximately $1,452,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Five Below by 15.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,893 shares of the specialty retailer’s stock valued at $17,097,000 after buying an additional 21,867 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in Five Below by 1,345.5% in the 4th quarter. Voloridge Investment Management LLC now owns 109,670 shares of the specialty retailer’s stock valued at $11,511,000 after buying an additional 102,083 shares during 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.