Five Below (NASDAQ:FIVE) Given New $75.00 Price Target at Bank of America

Five Below (NASDAQ:FIVE) had its price objective cut by Bank of America from $88.00 to $75.00 in a report released on Thursday morning,Benzinga reports. They currently have an underperform rating on the specialty retailer’s stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group boosted their target price on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley boosted their target price on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Guggenheim boosted their target price on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, William Blair reaffirmed a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $104.00.

Five Below Stock Up 0.7 %

Five Below stock opened at $76.11 on Thursday. Five Below has a 52 week low of $64.87 and a 52 week high of $187.83. The firm’s 50-day simple moving average is $88.30 and its 200 day simple moving average is $92.51. The firm 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.

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

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five Below

Institutional investors and hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in shares of Five Below during the 3rd quarter valued at approximately $30,000. Proficio Capital Partners LLC purchased a new position in shares of Five Below during the 4th quarter valued at approximately $31,000. UMB Bank n.a. boosted its stake in shares of Five Below by 156.9% during the 4th 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 during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Five Below during the 3rd quarter valued at approximately $42,000. Finally, Coppell Advisory Solutions LLC boosted its stake 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 buying an additional 253 shares during 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.