Five Below (NASDAQ:FIVE) Downgraded by Gordon Haskett to “Accumulate”

Five Below (NASDAQ:FIVEGet Free Report) was downgraded by Gordon Haskett from a “buy” rating to an “accumulate” rating in a research note issued on Wednesday, Marketbeat reports. They currently have a $200.00 target price on the specialty retailer’s stock, down from their previous target price of $210.00. Gordon Haskett’s price objective would indicate a potential upside of 16.87% from the stock’s previous close.

Several other research firms have also recently weighed in on FIVE. Morgan Stanley dropped their price target on shares of Five Below from $225.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. UBS Group dropped their price target on shares of Five Below from $270.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Mizuho initiated coverage on shares of Five Below in a research note on Tuesday, March 19th. They issued a “buy” rating and a $225.00 price target for the company. Oppenheimer cut shares of Five Below from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $235.00 to $200.00 in a research report on Tuesday, January 30th. Finally, Barclays lowered their price objective on shares of Five Below from $225.00 to $214.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.11.

Get Our Latest Stock Report on Five Below

Five Below Trading Down 4.3 %

FIVE stock opened at $171.13 on Wednesday. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.43 and a beta of 1.19. Five Below has a 12 month low of $144.57 and a 12 month high of $220.19. The firm has a 50-day moving average of $191.23 and a two-hundred day moving average of $185.68.

Five Below (NASDAQ:FIVEGet Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the company earned $3.07 EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, equities analysts forecast that Five Below will post 6.06 earnings per share for the current year.

Insider Buying and Selling at Five Below

In other news, Director Thomas Vellios sold 10,000 shares of Five Below stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $185.82, for a total value of $1,858,200.00. Following the sale, the director now owns 333,697 shares of the company’s stock, valued at $62,007,576.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Five Below

Several institutional investors and hedge funds have recently modified their holdings of FIVE. Sunbelt Securities Inc. raised its position in shares of Five Below by 76.3% in the second quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Five Below by 0.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 9,777 shares of the specialty retailer’s stock valued at $2,014,000 after buying an additional 58 shares during the last quarter. Lindbrook Capital LLC increased its position in Five Below by 4.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,320 shares of the specialty retailer’s stock worth $281,000 after purchasing an additional 59 shares during the last quarter. Park Place Capital Corp increased its position in Five Below by 11.5% during the third quarter. Park Place Capital Corp now owns 641 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 66 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in Five Below by 2.2% during the third quarter. Kestra Advisory Services LLC now owns 3,103 shares of the specialty retailer’s stock worth $499,000 after purchasing an additional 67 shares during the last quarter.

About Five Below

(Get Free Report)

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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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