Guggenheim Cuts Five Below (NASDAQ:FIVE) Price Target to $125.00

Five Below (NASDAQ:FIVE) had its target price dropped by stock analysts at Guggenheim from $165.00 to $125.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s price objective suggests a potential upside of 60.01% from the company’s current price.

FIVE has been the topic of a number of other research reports. Citigroup lowered Five Below from a “buy” rating to a “neutral” rating and reduced their price target for the company from $175.00 to $92.00 in a research report on Wednesday. Telsey Advisory Group reduced their price target on Five Below from $220.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Morgan Stanley lowered Five Below from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $160.00 to $100.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on Five Below from $201.00 to $177.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Finally, Mizuho downgraded Five Below from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $150.00 to $85.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $127.26.

Five Below Trading Down 23.5 %

FIVE traded down $23.95 during mid-day trading on Wednesday, hitting $78.12. 11,232,193 shares of the stock were exchanged, compared to its average volume of 1,165,705. The firm’s fifty day moving average is $121.29 and its two-hundred day moving average is $160.23. Five Below has a 1-year low of $77.69 and a 1-year high of $216.18. The company has a market cap of $4.30 billion, a PE ratio of 14.68, a PEG ratio of 1.16 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The firm had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. During the same period in the previous year, the company posted $0.67 EPS. Five Below’s revenue was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that Five Below will post 5.2 earnings per share for the current year.

Institutional Trading of Five Below

Hedge funds have recently modified their holdings of the business. AGF Management Ltd. acquired a new stake in shares of Five Below in the 4th quarter valued at approximately $3,192,000. BNP Paribas Financial Markets lifted its holdings in shares of Five Below by 30.4% in the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock valued at $2,462,000 after buying an additional 3,166 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Five Below in the 4th quarter valued at approximately $3,726,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Five Below by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock valued at $86,260,000 after buying an additional 11,073 shares during the period. Finally, Desjardins Global Asset Management Inc. acquired a new position in Five Below during the fourth quarter worth $2,783,000.

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.