Five Below (NASDAQ:FIVE) Trading Down 7.9% – Here’s Why

Five Below, Inc. (NASDAQ:FIVE)’s stock price traded down 7.9% on Friday . The company traded as low as $73.05 and last traded at $73.12. 880,880 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 1,780,609 shares. The stock had previously closed at $79.36.

Wall Street Analyst Weigh In

FIVE has been the subject of several analyst reports. Loop Capital cut their price target on shares of Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. Telsey Advisory Group cut their target price on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, March 18th. UBS Group reduced their target price on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Finally, Mizuho reduced their price objective on Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Five Below currently has an average rating of “Hold” and an average target price of $102.16.

Five Below Stock Down 7.8 %

The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The business’s fifty day moving average is $86.05 and its 200 day moving average is $92.56.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm earned $3.65 earnings per share. Five Below’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Below

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIVE. Vanguard Group Inc. lifted its stake in shares of Five Below by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock worth $529,792,000 after buying an additional 43,537 shares during the last quarter. Wasatch Advisors LP lifted its position in Five Below by 3.7% during the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after acquiring an additional 86,271 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after acquiring an additional 1,072,642 shares during the period. State Street Corp grew its position in shares of Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after purchasing an additional 31,520 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new stake in Five Below during the 4th quarter worth approximately $123,601,000.

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.