Five Below (NASDAQ:FIVE) Shares Down 6.9% – Here’s Why

Shares of Five Below, Inc. (NASDAQ:FIVE) were down 6.9% during mid-day trading on Monday . The company traded as low as $207.28 and last traded at $207.71. Approximately 522,635 shares traded hands during trading, a decline of 53% from the average daily volume of 1,101,536 shares. The stock had previously closed at $223.13.

Analyst Upgrades and Downgrades

FIVE has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Five Below from $190.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Five Below from $247.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Citigroup upped their price objective on shares of Five Below from $200.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. upped their price objective on shares of Five Below from $259.00 to $296.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Finally, Bank of America upped their price objective on shares of Five Below from $260.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Five Below currently has an average rating of “Moderate Buy” and a consensus price target of $240.10.

Five Below Trading Down 6.7%

The company has a 50 day moving average of $226.52 and a 200 day moving average of $196.58. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 18th. The specialty retailer reported $4.31 EPS for the quarter, beating the consensus estimate of $4.00 by $0.31. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.71 billion. Five Below had a return on equity of 18.70% and a net margin of 7.53%.Five Below’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.48 EPS. As a group, sell-side analysts anticipate that Five Below, Inc. will post 8.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ronald Sargent sold 10,000 shares of Five Below stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $231.28, for a total value of $2,312,800.00. Following the completion of the transaction, the director owned 83,674 shares in the company, valued at approximately $19,352,122.72. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kenneth R. Bull sold 10,000 shares of Five Below stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the completion of the transaction, the chief operating officer owned 92,531 shares of the company’s stock, valued at $21,665,208.34. This trade represents a 9.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FIVE. NewEdge Advisors LLC raised its stake in shares of Five Below by 143.0% in the first quarter. NewEdge Advisors LLC now owns 1,096 shares of the specialty retailer’s stock valued at $82,000 after acquiring an additional 645 shares during the last quarter. United Services Automobile Association bought a new position in shares of Five Below in the first quarter valued at approximately $268,000. Empowered Funds LLC bought a new position in shares of Five Below in the first quarter valued at approximately $1,416,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Five Below by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 184,518 shares of the specialty retailer’s stock valued at $13,825,000 after acquiring an additional 21,625 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Five Below by 63.8% in the first quarter. Focus Partners Wealth now owns 3,858 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 1,503 shares during the last quarter.

About Five Below

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.