Five Below (NASDAQ:FIVE) Cut to “Sector Weight” at KeyCorp

Five Below (NASDAQ:FIVE) was downgraded by equities research analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a report issued on Thursday, Briefing.com reports.

Several other equities analysts have also weighed in on the stock. Truist Financial restated a “hold” rating and issued a $89.00 price objective on shares of Five Below in a report on Monday, August 26th. William Blair lowered Five Below from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Wells Fargo & Company decreased their target price on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Guggenheim reduced their price objective 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. Finally, Gordon Haskett downgraded shares of Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Five Below has an average rating of “Hold” and an average price target of $110.45.

Five Below Price Performance

NASDAQ FIVE opened at $84.42 on Thursday. Five Below has a one year low of $64.87 and a one year high of $216.18. The stock’s 50 day simple moving average is $90.22 and its 200 day simple moving average is $102.27. The firm has a market cap of $4.64 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $830.07 million during the quarter, compared to analyst estimates of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, equities analysts expect that Five Below will post 4.55 earnings per share for the current year.

Hedge Funds Weigh In On Five Below

Several hedge funds and other institutional investors have recently made changes to their positions in FIVE. Point72 Asset Management L.P. raised its stake in Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after buying an additional 769,980 shares during the period. Marshall Wace LLP increased its holdings in shares of Five Below by 51.9% in the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Five Below by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after purchasing an additional 167,330 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Five Below by 318,361.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer’s stock worth $9,566,000 after buying an additional 108,243 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its holdings in shares of Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after buying an additional 72,020 shares during the period.

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.