Telsey Advisory Group Cuts Five Below (NASDAQ:FIVE) Price Target to $85.00

Five Below (NASDAQ:FIVE) had its price objective decreased by Telsey Advisory Group from $115.00 to $85.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the specialty retailer’s stock.

Several other brokerages have also commented on FIVE. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. decreased their price objective on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Craig Hallum increased their target price on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Finally, Truist Financial boosted their price objective on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $104.00.

Five Below Price Performance

FIVE opened at $76.11 on Tuesday. Five Below has a 12-month low of $64.87 and a 12-month high of $187.83. The stock has a market capitalization of $4.19 billion, a PE ratio of 15.69, a P/E/G ratio of 1.19 and a beta of 1.11. The firm’s fifty day moving average price is $88.30 and its 200 day moving average price is $92.51.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.65 EPS. On average, equities research analysts forecast that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Five Below in the 3rd quarter valued at about $30,000. Coppell Advisory Solutions LLC boosted its position in shares of Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 253 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Five Below in the 3rd quarter worth approximately $42,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after purchasing an additional 558 shares in the last quarter.

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.