Five Below (NASDAQ:FIVE) Sets New 1-Year Low – Here’s Why

Five Below, Inc. (NASDAQ:FIVE)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $59.13 and last traded at $59.83, with a volume of 1629069 shares. The stock had previously closed at $81.49.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Evercore ISI dropped their price objective on Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday. Guggenheim lowered their target price on shares of Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 21st. StockNews.com upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Wells Fargo & Company upped their target price on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Five Below presently has an average rating of “Hold” and an average price target of $101.42.

Five Below Trading Down 26.1 %

The company has a market cap of $3.32 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The firm has a 50-day moving average of $85.12 and a 200 day moving average of $92.24.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion during 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%. Five Below’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.65 EPS. On average, equities analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were 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 directly owns 12,658 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Several large investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in Five Below during the fourth quarter worth about $31,000. UMB Bank n.a. boosted its holdings in shares of Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after buying an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Five Below in the 3rd quarter worth about $42,000. Coppell Advisory Solutions LLC boosted its position in Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 253 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Five Below by 2,936.8% in the fourth 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.

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.