Five Below (NASDAQ:FIVE) Shares Gap Down – Here’s What Happened

Shares of Five Below, Inc. (NASDAQ:FIVE) gapped down prior to trading on Wednesday . The stock had previously closed at $93.69, but opened at $83.86. Five Below shares last traded at $84.13, with a volume of 431,256 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIVE shares. Melius Research started coverage on Five Below in a research report on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective for the company. Mizuho reiterated a “neutral” rating and set a $85.00 price target on shares of Five Below in a research report on Thursday, October 3rd. UBS Group lowered their price target on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. William Blair downgraded shares of Five Below from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Finally, Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $98.00 to $75.00 in a research report on Wednesday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Five Below presently has an average rating of “Hold” and a consensus target price of $110.45.

Five Below Stock Down 9.9 %

The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.20. The company’s 50-day simple moving average is $90.11 and its 200-day simple moving average is $102.40.

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

Institutional Trading of Five Below

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Five Below by 1.0% in 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 acquiring an additional 38,419 shares in the last quarter. Capital World Investors boosted its stake in Five Below by 2.5% in the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after purchasing an additional 58,883 shares during the period. Riverbridge Partners LLC grew its position in 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 purchasing an additional 72,020 shares in the last quarter. Point72 Asset Management L.P. grew its position in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after purchasing an additional 769,980 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Five Below by 51.9% during the 2nd 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 period.

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.