Five Below (NASDAQ:FIVE) Price Target Cut to $124.00

Five Below (NASDAQ:FIVE) had its price objective reduced by The Goldman Sachs Group from $163.00 to $124.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Other analysts have also recently issued research reports about the company. Barclays cut Five Below from an overweight rating to an equal weight rating and reduced their price objective for the company from $176.00 to $90.00 in a research report on Wednesday. Citigroup cut Five Below from a buy rating to a neutral rating and reduced their price objective for the company from $175.00 to $92.00 in a research report on Wednesday. JPMorgan Chase & Co. cut Five Below from an overweight rating to a neutral rating and reduced their price objective for the company from $215.00 to $170.00 in a research report on Tuesday, April 23rd. Wells Fargo & Company reduced their price target on Five Below from $145.00 to $115.00 and set an overweight rating for the company in a research report on Wednesday. Finally, Morgan Stanley downgraded Five Below from an overweight rating to an equal weight rating and decreased their price target for the stock from $160.00 to $100.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $115.89.

Five Below Trading Up 2.1 %

Shares of FIVE stock opened at $77.31 on Wednesday. Five Below has a 1-year low of $71.66 and a 1-year high of $216.18. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 0.90 and a beta of 1.19. The stock’s fifty day simple moving average is $117.38 and its 200-day simple moving average is $158.12.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $811.86 million for the quarter, compared to analyst estimates of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. Five Below’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. On average, sell-side analysts predict that Five Below will post 5.09 EPS for the current year.

Institutional Trading of Five Below

Several hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in Five Below by 1.0% during the 1st 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 purchasing an additional 38,419 shares during the period. Capital World Investors raised its holdings in Five Below by 2.5% in 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 in the last quarter. Wasatch Advisors LP raised its holdings 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 valued at $340,278,000 after acquiring an additional 37,797 shares in the last quarter. Riverbridge Partners LLC raised its holdings in Five Below by 5.5% in the 2nd 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, Artisan Partners Limited Partnership raised its holdings in Five Below by 0.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock valued at $245,340,000 after acquiring an additional 9,837 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.