Loop Capital Lowers Five Below (NASDAQ:FIVE) Price Target to $75.00

Five Below (NASDAQ:FIVE) had its target price reduced by research analysts at Loop Capital from $120.00 to $75.00 in a report issued on Tuesday, MarketBeat.com reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s target price suggests a potential downside of 0.78% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Guggenheim lifted their price target on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Mizuho raised their price objective on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Citigroup raised their price objective on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company boosted their target price on shares of Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Five Below presently has an average rating of “Hold” and a consensus price target of $107.37.

Five Below Stock Performance

Shares of NASDAQ FIVE opened at $75.59 on Tuesday. Five Below has a 1 year low of $64.87 and a 1 year high of $209.79. The firm’s 50 day moving average price is $88.76 and its 200 day moving average price is $92.63. The firm has a market cap of $4.16 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $3.65 earnings per share. Five Below’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts predict that Five Below will post 4.93 EPS for the current year.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after acquiring an additional 180,902 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Five Below by 155.2% in the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock worth $6,964,000 after buying an additional 47,940 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Five Below in the third quarter worth $3,282,000. Algert Global LLC lifted its stake in shares of Five Below by 364.2% in the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock worth $2,282,000 after buying an additional 20,266 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of Five Below in the third quarter worth $522,000.

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.