Five Below (NASDAQ:FIVE) Downgraded to “Underperform” Rating by Bank of America

Bank of America downgraded shares of Five Below (NASDAQ:FIVE) from a neutral rating to an underperform rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. Bank of America currently has $75.00 target price on the specialty retailer’s stock, down from their previous target price of $98.00.

Several other research analysts have also weighed in on FIVE. Craig Hallum lifted their target price on Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Morgan Stanley cut Five Below from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $160.00 to $100.00 in a report on Wednesday, July 17th. Mizuho restated a “neutral” rating and set a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. Telsey Advisory Group reduced their price target on shares of Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Gordon Haskett lowered shares of Five Below from an “accumulate” rating to a “hold” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $110.45.

Five Below Price Performance

Shares of FIVE stock opened at $84.53 on Wednesday. The stock has a market cap of $4.65 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. The stock has a 50-day moving average of $90.22 and a 200-day moving average of $102.27. Five Below has a one year low of $64.87 and a one year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. As a group, research analysts anticipate that Five Below will post 4.55 earnings per share for the current year.

Institutional Trading of Five Below

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ING Groep NV bought a new position in shares of Five Below in the 3rd quarter valued at about $3,534,000. KBC Group NV lifted its stake in Five Below by 23.7% in the 3rd quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 312 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in Five Below in the 3rd quarter valued at about $3,455,000. Lindbrook Capital LLC grew its holdings in Five Below by 64.3% during the third quarter. Lindbrook Capital LLC now owns 2,217 shares of the specialty retailer’s stock worth $196,000 after purchasing an additional 868 shares during the period. Finally, American Capital Advisory LLC increased its position in Five Below by 4,792.4% during the third quarter. American Capital Advisory LLC now owns 5,773 shares of the specialty retailer’s stock worth $510,000 after buying an additional 5,655 shares during 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.