Five Below (NASDAQ:FIVE) Hits New 52-Week Low at $64.88

Five Below, Inc. (NASDAQ:FIVE) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $64.88 and last traded at $64.94, with a volume of 1059746 shares. The stock had previously closed at $66.36.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FIVE. Barclays lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $176.00 to $90.00 in a research note on Wednesday, July 17th. Citigroup cut Five Below from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $175.00 to $92.00 in a report on Wednesday, July 17th. William Blair lowered Five Below from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Guggenheim lowered their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Truist Financial cut shares of Five Below from a “buy” rating to a “hold” rating and reduced their target price for the company from $136.00 to $89.00 in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $114.37.

Five Below Stock Up 0.4 %

The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.87 and a beta of 1.19. The company has a 50 day simple moving average of $99.35 and a 200 day simple moving average of $146.07.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results 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 company had revenue of $811.86 million for the quarter, compared to the consensus estimate of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. As a group, analysts predict that Five Below, Inc. will post 4.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Five Below

Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of Five Below during the fourth quarter valued at about $26,000. Rise Advisors LLC bought a new stake in Five Below during the 1st quarter worth approximately $28,000. Partnership Wealth Management LLC increased its position in Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 300 shares during the period. Quest Partners LLC bought a new position in shares of Five Below during the fourth quarter valued at $37,000. Finally, Parallel Advisors LLC raised its stake in shares of Five Below by 86.3% during the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 82 shares during 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.