The Goldman Sachs Group Cuts Five Below (NASDAQ:FIVE) Price Target to $102.00

Five Below (NASDAQ:FIVE) had its price target decreased by The Goldman Sachs Group from $117.00 to $102.00 in a research report report published on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the specialty retailer’s stock.

Several other brokerages have also recently weighed in on FIVE. Citigroup raised their price target on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Telsey Advisory Group cut their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price target on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Truist Financial cut their price objective on shares of Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research note on Thursday. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.16.

Five Below Stock Performance

Shares of NASDAQ:FIVE opened at $76.24 on Friday. Five Below has a 52-week low of $64.87 and a 52-week high of $185.48. The business’s 50 day simple moving average is $87.76 and its two-hundred day simple moving average is $92.76. The firm has a market cap of $4.19 billion, a P/E ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last issued 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. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. Five Below’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business earned $3.65 EPS. On average, equities analysts forecast that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now 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 link. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Five Below by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock worth $529,792,000 after acquiring an additional 43,537 shares during the last quarter. Wasatch Advisors LP grew its position in Five Below by 3.7% during the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock valued at $254,012,000 after purchasing an additional 86,271 shares during the last quarter. Marshall Wace LLP grew its position in Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after purchasing an additional 1,072,642 shares during the last quarter. State Street Corp lifted its stake in shares of Five Below by 1.9% in the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after buying an additional 31,520 shares in the last quarter. Finally, Steadfast Capital Management LP bought a new position in shares of Five Below in the fourth quarter worth approximately $123,601,000.

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.