Five Below (NASDAQ:FIVE) Stock Rating Lowered by Bank of America

Five Below (NASDAQ:FIVE) was downgraded by Bank of America from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, Marketbeat reports. They presently have a $75.00 target price on the specialty retailer’s stock, down from their previous target price of $98.00. Bank of America‘s price target would indicate a potential downside of 18.05% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. KeyCorp decreased their price objective on shares of Five Below from $115.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Guggenheim cut their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Evercore ISI increased their target price on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Citigroup reduced their price objective on shares of Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Finally, Morgan Stanley cut shares of Five Below from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $160.00 to $100.00 in a research note on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.40.

Five Below Price Performance

Shares of Five Below stock opened at $91.52 on Wednesday. The firm has a fifty day moving average price of $90.49 and a 200 day moving average price of $102.20. The stock has a market cap of $5.03 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. Five Below has a 1 year low of $64.87 and a 1 year high of $216.18.

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

Institutional Trading of Five Below

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in Five Below by 0.4% in the first quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock valued at $5,473,000 after acquiring an additional 115 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Five Below by 12.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 147 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Five Below by 9.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after purchasing an additional 180 shares during the period. Texas Permanent School Fund Corp increased its position in shares of Five Below by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 48,304 shares of the specialty retailer’s stock worth $8,761,000 after purchasing an additional 200 shares during the last quarter. Finally, Peloton Wealth Strategists raised its holdings in Five Below by 3.0% in the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock valued at $743,000 after buying an additional 200 shares during the period.

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.