Five Below (NASDAQ:FIVE) PT Lowered to $108.00 at UBS Group

Five Below (NASDAQ:FIVE) had its price target dropped by equities research analysts at UBS Group from $120.00 to $108.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. UBS Group’s target price indicates a potential upside of 34.26% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Evercore ISI cut Five Below from an “outperform” rating to an “inline” rating and decreased their price target for the company from $160.00 to $113.00 in a research note on Wednesday, July 17th. Bank of America lowered their target price on shares of Five Below from $104.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Guggenheim cut their price target on shares of Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Wells Fargo & Company lowered their price objective on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Finally, Loop Capital cut their target price on Five Below from $190.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Five Below currently has a consensus rating of “Hold” and a consensus price target of $113.37.

Five Below Stock Down 0.3 %

Shares of Five Below stock opened at $80.44 on Wednesday. The company has a market cap of $4.43 billion, a P/E ratio of 15.19, a PEG ratio of 0.87 and a beta of 1.19. The firm’s 50 day moving average price is $89.73 and its 200-day moving average price is $138.71. Five Below has a 52-week low of $64.87 and a 52-week 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 the consensus estimate of $0.62 by ($0.02). The firm had revenue of $811.86 million during 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 was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $0.67 earnings per share. As a group, equities research analysts forecast that Five Below will post 4.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Below

A number of hedge funds and other institutional investors have recently made changes to their positions in FIVE. Price T Rowe Associates Inc. MD boosted its holdings in Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock worth $689,165,000 after buying an additional 38,419 shares in the last quarter. Capital World Investors grew its position in shares of Five Below by 2.5% during 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 during the period. Wasatch Advisors LP increased its stake in shares of 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 purchasing 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 worth $150,151,000 after purchasing an additional 72,020 shares during the period. Finally, Artisan Partners Limited Partnership boosted its position in Five Below by 0.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock worth $245,340,000 after purchasing 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.