Five Below (NASDAQ:FIVE) Price Target Lowered to $120.00 at Telsey Advisory Group

Five Below (NASDAQ:FIVE) had its target price cut by equities research analysts at Telsey Advisory Group from $155.00 to $120.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price target suggests a potential upside of 55.44% from the company’s previous close.

FIVE has been the subject of several other reports. Evercore ISI downgraded shares of Five Below from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $160.00 to $113.00 in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of Five Below from $163.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley cut shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $160.00 to $100.00 in a research report on Wednesday. Barclays cut shares of Five Below from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $176.00 to $90.00 in a research report on Wednesday. Finally, Mizuho cut shares of Five Below from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $150.00 to $85.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $125.42.

Five Below Price Performance

Five Below stock traded down $24.87 during trading hours on Wednesday, hitting $77.20. The company had a trading volume of 12,077,074 shares, compared to its average volume of 1,171,917. The firm has a market capitalization of $4.25 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The firm’s fifty day moving average is $121.29 and its 200-day moving average is $160.23. Five Below has a fifty-two week low of $77.05 and a fifty-two week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. Five Below’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. Analysts anticipate that Five Below will post 5.2 earnings per share for the current year.

Hedge Funds Weigh In On Five Below

Institutional investors have recently added to or reduced their stakes in the company. AGF Management Ltd. acquired a new position in Five Below during the fourth quarter worth $3,192,000. BNP Paribas Financial Markets increased its holdings in Five Below by 30.4% during the first quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock worth $2,462,000 after buying an additional 3,166 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Five Below during the fourth quarter worth $3,726,000. Charles Schwab Investment Management Inc. increased its holdings in Five Below by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock worth $86,260,000 after buying an additional 11,073 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. acquired a new position in Five Below during the fourth quarter worth $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.