Guggenheim Cuts Five Below (NASDAQ:FIVE) Price Target to $125.00

Five Below (NASDAQ:FIVE) had its price objective lowered by Guggenheim from $140.00 to $125.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

FIVE has been the topic of several other reports. William Blair reissued a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Craig Hallum boosted their target price on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Truist Financial cut their target price on shares of Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research note on Thursday. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a research note on Thursday. Finally, Telsey Advisory Group cut their price objective on shares of 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. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Performance

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 firm’s fifty day moving average is $87.76 and its 200-day moving average is $92.76. The firm has a market cap of $4.19 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.65 earnings per share. As a group, sell-side analysts anticipate that Five Below will post 4.93 earnings per share for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group bought a new position in Five Below during the third quarter valued at about $30,000. Proficio Capital Partners LLC bought a new position in shares of Five Below during the 4th quarter valued at approximately $31,000. UMB Bank n.a. grew its position in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the 3rd quarter worth approximately $42,000. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 253 shares during the period.

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.