UBS Group Lowers Five Below (NASDAQ:FIVE) Price Target to $120.00

Five Below (NASDAQ:FIVE) had its price target cut by UBS Group from $223.00 to $120.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

A number of other brokerages have also commented on FIVE. Mizuho lowered Five Below from an outperform rating to a neutral rating and decreased their price objective for the company from $150.00 to $85.00 in a research report on Wednesday. Telsey Advisory Group lowered their price objective 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. Bank of America dropped their price objective on Five Below from $125.00 to $104.00 and set a neutral rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Five Below from an overweight rating to a neutral rating and reduced their target price for the company from $215.00 to $170.00 in a research note on Tuesday, April 23rd. Finally, Evercore ISI lowered shares of Five Below from an outperform rating to an inline rating and cut their price objective for the company from $160.00 to $113.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Five Below presently has an average rating of Hold and a consensus price target of $115.89.

Five Below Stock Up 2.1 %

Five Below stock opened at $77.31 on Wednesday. The stock has a 50-day simple moving average of $117.38 and a 200 day simple moving average of $157.72. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 0.91 and a beta of 1.19. Five Below has a 12-month low of $71.66 and a 12-month high of $216.18.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a return on equity of 19.82% and a net margin of 8.10%. The company had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Five Below will post 5.08 EPS for the current year.

Institutional Trading of Five Below

Hedge funds and other institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Five Below in the 4th quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Five Below in the first quarter valued at about $28,000. Planned Solutions Inc. acquired a new stake in shares of Five Below in the fourth quarter valued at about $34,000. Partnership Wealth Management LLC raised its holdings in Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 300 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in Five Below during the fourth quarter valued at approximately $36,000.

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.