Five Below (NASDAQ:FIVE) Lowered to “Hold” at Gordon Haskett

Five Below (NASDAQ:FIVE) was downgraded by stock analysts at Gordon Haskett from an “accumulate” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

A number of other research analysts have also recently commented on the company. Guggenheim lowered their price target on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $79.00 price target (down from $155.00) on shares of Five Below in a report on Thursday, July 18th. Loop Capital lowered their price target on Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, June 7th. JPMorgan Chase & Co. lowered their price target on Five Below from $122.00 to $87.00 and set a “neutral” rating on the stock in a report on Wednesday, July 17th. Finally, Morgan Stanley downgraded Five Below from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $160.00 to $100.00 in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $115.89.

Five Below Stock Down 1.7 %

FIVE stock opened at $71.75 on Wednesday. Five Below has a twelve month low of $71.56 and a twelve month high of $216.18. The stock has a market cap of $3.95 billion, a P/E ratio of 13.49, a PEG ratio of 0.94 and a beta of 1.19. The business’s 50-day moving average price is $112.09 and its 200-day moving average price is $154.47.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data 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 net margin of 8.10% and a return on equity of 19.82%. The company had revenue of $811.86 million for the quarter, compared to analysts’ expectations of $834.29 million. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts expect that Five Below will post 4.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Below

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Five Below by 30.4% during the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock valued at $2,462,000 after purchasing an additional 3,166 shares during the last quarter. AGF Management Ltd. purchased a new position in Five Below during the 4th quarter valued at $3,192,000. International Assets Investment Management LLC purchased a new position in Five Below during the 4th quarter valued at $3,726,000. Charles Schwab Investment Management Inc. boosted its holdings in Five Below by 2.8% during 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 acquiring an additional 11,073 shares during the period. Finally, Desjardins Global Asset Management Inc. purchased a new position in Five Below during the 4th quarter valued at $2,783,000.

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.