Five Below, Inc. (NASDAQ:FIVE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Five Below, Inc. (NASDAQ:FIVE) have received a consensus rating of “Hold” from the twenty-one brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $94.30.

Several analysts have issued reports on the stock. Telsey Advisory Group reduced their price target on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a report on Tuesday, March 18th. Evercore ISI reduced their target price on Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group dropped their price target on Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Loop Capital reduced their price objective on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. Finally, DA Davidson decreased their price objective on Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th.

Insider Buying and Selling

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Several hedge funds and other institutional investors have recently modified their holdings of FIVE. Vanguard Group Inc. increased its position in 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 purchasing an additional 43,537 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Five Below by 3.7% in the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock valued at $254,012,000 after acquiring an additional 86,271 shares during the period. Marshall Wace LLP lifted its holdings in shares of Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after acquiring an additional 1,072,642 shares in the last quarter. Steadfast Capital Management LP purchased a new stake in Five Below during the 4th quarter worth $123,601,000. Finally, Giverny Capital Inc. boosted its position in Five Below by 0.9% during the 4th quarter. Giverny Capital Inc. now owns 732,110 shares of the specialty retailer’s stock worth $76,842,000 after purchasing an additional 6,861 shares during the period.

Five Below Price Performance

NASDAQ FIVE opened at $71.46 on Wednesday. The business has a 50 day moving average price of $75.34 and a 200 day moving average price of $88.71. The company has a market capitalization of $3.93 billion, a P/E ratio of 14.73, a PEG ratio of 1.19 and a beta of 1.01. Five Below has a 1-year low of $52.38 and a 1-year high of $151.95.

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

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.