Bank of America Lowers Five Below (NASDAQ:FIVE) Price Target to $75.00

Five Below (NASDAQ:FIVE - Get Free Report) had its target price lowered by stock analysts at Bank of America from $88.00 to $75.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "underperform" rating on the specialty retailer's stock. Bank of America's price target points to a potential downside of 5.34% from the company's current price.

Several other research firms also recently issued reports on FIVE. Telsey Advisory Group cut their price target on Five Below from $115.00 to $85.00 and set a "market perform" rating for the company in a research note on Tuesday, March 18th. William Blair restated a "market perform" rating on shares of Five Below in a research report on Monday, December 2nd. Loop Capital lowered their price target on shares of Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group lifted their price objective on Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Guggenheim increased their target price on Five Below from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Three equities 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.com, the company has an average rating of "Hold" and an average price target of $102.16.

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Five Below Stock Performance

FIVE traded up $2.99 on Thursday, hitting $79.23. 1,837,395 shares of the company were exchanged, compared to its average volume of 1,762,499. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $185.48. The firm has a market capitalization of $4.36 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The business's fifty day moving average is $87.34 and its 200 day moving average is $92.78.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping 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 return on equity of 18.03% and a net margin of 7.02%. The company's 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 EPS. Analysts forecast that Five Below will post 4.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % 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.

Institutional Investors Weigh In On Five Below

Several large investors have recently made changes to their positions in FIVE. Gradient Investments LLC boosted its position in Five Below by 0.7% during the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer's stock worth $1,666,000 after purchasing an additional 111 shares during the period. Bank of Montreal Can lifted its stake in shares of Five Below by 1.0% during the fourth quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock worth $1,278,000 after purchasing an additional 123 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Five Below by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock worth $2,509,000 after buying an additional 150 shares during the period. Sterling Capital Management LLC grew its stake in shares of Five Below by 13.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock valued at $143,000 after buying an additional 158 shares in the last quarter. Finally, Cornerstone Investment Partners LLC raised its holdings in shares of Five Below by 3.5% during the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock valued at $497,000 after buying an additional 162 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.