Evercore ISI Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price target trimmed by Evercore ISI from $93.00 to $90.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an in-line rating on the specialty retailer’s stock.

Several other analysts have also recently issued reports on the stock. UBS Group cut their price target on shares of Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Barclays cut their price target on Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. reduced their target price on shares of Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group reduced their price target on Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Craig Hallum upped their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.42.

Five Below Trading Down 27.8 %

Shares of FIVE stock opened at $58.83 on Tuesday. The company’s fifty day simple moving average is $84.46 and its 200-day simple moving average is $92.00. Five Below has a 52 week low of $56.90 and a 52 week high of $166.56. The company has a market cap of $3.24 billion, a PE ratio of 12.13, a P/E/G ratio of 1.19 and a beta of 1.11.

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

Insider Transactions at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Below

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Five Below by 17.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,667 shares of the specialty retailer’s stock worth $1,207,000 after acquiring an additional 1,981 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Five Below by 1.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,026 shares of the specialty retailer’s stock valued at $12,460,000 after purchasing an additional 1,738 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Five Below by 40.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,076 shares of the specialty retailer’s stock valued at $183,000 after buying an additional 601 shares in the last quarter. Atom Investors LP acquired a new position in Five Below during the third quarter worth $586,000. Finally, Ascent Group LLC raised its position in Five Below by 10.4% in the 3rd quarter. Ascent Group LLC now owns 25,458 shares of the specialty retailer’s stock valued at $2,249,000 after purchasing an additional 2,390 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.