Loop Capital Cuts Five Below (NASDAQ:FIVE) Price Target to $75.00

Five Below (NASDAQ:FIVE) had its target price lowered by Loop Capital from $120.00 to $75.00 in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the specialty retailer’s stock.

Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Guggenheim raised their target price on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Mizuho raised their target price on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. The Goldman Sachs Group raised their target price on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $104.00.

Five Below Stock Up 0.7 %

Five Below stock opened at $76.11 on Tuesday. The stock has a market cap of $4.19 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below has a twelve month low of $64.87 and a twelve month high of $187.83. The company’s 50-day moving average price is $88.30 and its two-hundred day moving average price is $92.51.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.65 EPS. Equities analysts anticipate that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Five Below

Several institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in Five Below by 70.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,201 shares of the specialty retailer’s stock valued at $756,000 after acquiring an additional 2,965 shares during the last quarter. Ascent Group LLC boosted its position in Five Below by 6.9% during the fourth quarter. Ascent Group LLC now owns 27,227 shares of the specialty retailer’s stock valued at $2,858,000 after acquiring an additional 1,769 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Five Below during the fourth quarter valued at $1,452,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Five Below by 15.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,893 shares of the specialty retailer’s stock valued at $17,097,000 after acquiring an additional 21,867 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in Five Below by 1,345.5% during the fourth quarter. Voloridge Investment Management LLC now owns 109,670 shares of the specialty retailer’s stock valued at $11,511,000 after acquiring an additional 102,083 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.