The Goldman Sachs Group Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price target reduced by equities researchers at The Goldman Sachs Group from $117.00 to $102.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 36.92% from the stock’s current price.

FIVE has been the subject of a number of other reports. UBS Group lowered their target price on Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Guggenheim dropped their price target on Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Friday. Craig Hallum boosted their price objective on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Bank of America lowered their price objective on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.16.

Five Below Stock Down 2.1 %

FIVE traded down $1.61 during trading on Friday, hitting $74.50. The company’s stock had a trading volume of 337,763 shares, compared to its average volume of 1,762,365. Five Below has a one year low of $64.87 and a one year high of $187.83. The business’s 50 day simple moving average is $88.30 and its 200-day simple moving average is $92.51. The firm has a market cap of $4.10 billion, a PE ratio of 15.40, a P/E/G ratio of 1.19 and a beta of 1.11.

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

Insider Buying and Selling at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Five Below

Large investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in Five Below in the 3rd quarter valued at approximately $30,000. Proficio Capital Partners LLC acquired a new position in Five Below during the 4th quarter worth about $31,000. UMB Bank n.a. lifted its stake in Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Five Below during the 3rd quarter valued at about $42,000. Finally, Coppell Advisory Solutions LLC grew its position in Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 253 shares in 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.