Five Below (NASDAQ:FIVE) Rating Lowered to Neutral at Citigroup

Five Below (NASDAQ:FIVE) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a $92.00 price objective on the specialty retailer’s stock, down from their prior price objective of $175.00. Citigroup’s price target indicates a potential upside of 21.45% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Truist Financial cut Five Below from a “buy” rating to a “hold” rating and cut their price objective for the company from $136.00 to $89.00 in a research report on Wednesday. Telsey Advisory Group dropped their price target on Five Below from $220.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Gordon Haskett cut Five Below from a “buy” rating to an “accumulate” rating and dropped their price target for the stock from $210.00 to $200.00 in a research report on Wednesday, April 3rd. Evercore ISI cut Five Below from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $160.00 to $113.00 in a research report on Wednesday. Finally, Loop Capital dropped their price target on Five Below from $190.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.89.

Five Below Trading Down 1.0 %

Shares of NASDAQ:FIVE opened at $75.75 on Wednesday. The company has a market capitalization of $4.17 billion, a PE ratio of 14.24, a PEG ratio of 1.18 and a beta of 1.19. Five Below has a 12-month low of $71.66 and a 12-month high of $216.18. The business has a 50 day moving average of $118.62 and a two-hundred day moving average of $159.07.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. Equities research analysts predict that Five Below will post 5.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several large investors have recently modified their holdings of the business. Lindbrook Capital LLC lifted its stake in shares of Five Below by 4.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,320 shares of the specialty retailer’s stock valued at $281,000 after purchasing an additional 59 shares during the last quarter. Wealth Alliance lifted its stake in shares of Five Below by 3.7% in the 4th quarter. Wealth Alliance now owns 2,090 shares of the specialty retailer’s stock valued at $446,000 after purchasing an additional 75 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in shares of Five Below by 3.1% in the 4th quarter. Picton Mahoney Asset Management now owns 2,530 shares of the specialty retailer’s stock valued at $540,000 after purchasing an additional 75 shares during the last quarter. Janney Capital Management LLC lifted its stake in shares of Five Below by 3.2% in the 4th quarter. Janney Capital Management LLC now owns 2,419 shares of the specialty retailer’s stock valued at $516,000 after purchasing an additional 76 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in shares of Five Below by 1.7% in the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock valued at $959,000 after purchasing an additional 76 shares during 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.