Five Below, Inc. (NASDAQ:FIVE) Given Average Recommendation of “Hold” by Brokerages

Five Below, Inc. (NASDAQ:FIVE) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $114.37.

FIVE has been the subject of a number of recent research reports. Craig Hallum cut their price target on Five Below from $187.00 to $124.00 and set a “hold” rating for the company in a report on Thursday, June 6th. William Blair lowered Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. UBS Group reduced their target price on Five Below from $223.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Bank of America lowered their price target on Five Below from $104.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th.

Institutional Trading of Five Below

A number of hedge funds have recently made changes to their positions in FIVE. International Assets Investment Management LLC bought a new stake in Five Below in the fourth quarter valued at about $3,726,000. Wealth Alliance raised its position in shares of Five Below by 3.7% during the 4th quarter. Wealth Alliance now owns 2,090 shares of the specialty retailer’s stock valued at $446,000 after acquiring an additional 75 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Five Below by 6.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,961 shares of the specialty retailer’s stock worth $2,550,000 after purchasing an additional 751 shares during the last quarter. Latitude Advisors LLC acquired a new position in Five Below in the fourth quarter worth $230,000. Finally, Groesbeck Investment Management Corp NJ increased its stake in Five Below by 9.1% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 5,755 shares of the specialty retailer’s stock valued at $1,227,000 after purchasing an additional 480 shares during the last quarter.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $77.31 on Friday. Five Below has a one year low of $64.87 and a one year high of $216.18. The company’s fifty day moving average is $90.44 and its two-hundred day moving average is $139.12. The firm has a market capitalization of $4.26 billion, a P/E ratio of 14.53, a PEG ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its quarterly 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 net margin of 8.10% and a return on equity of 19.82%. The firm had revenue of $811.86 million during the quarter, compared to analysts’ expectations of $834.29 million. During the same quarter in the prior year, the business earned $0.67 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts forecast that Five Below will post 4.89 earnings per share for the current fiscal year.

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.