Five Below (NASDAQ:FIVE) Downgraded by KeyCorp to "Sector Weight"

Five Below (NASDAQ:FIVE - Get Free Report) was downgraded by research analysts at KeyCorp from an "overweight" rating to a "sector weight" rating in a research note issued on Thursday, MarketBeat Ratings reports.

A number of other equities research analysts also recently commented on the company. Melius Research started coverage on Five Below in a research report on Monday, September 23rd. They issued a "hold" rating and a $100.00 target price on the stock. Mizuho restated a "neutral" rating and issued a $85.00 target price on shares of Five Below in a report on Thursday, October 3rd. Craig Hallum increased their price target on Five Below from $102.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Bank of America cut Five Below from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $98.00 to $75.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded Five Below from a "neutral" rating to an "underweight" rating and upped their price objective for the company from $89.00 to $95.00 in a research report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $106.40.

Five Below Stock Performance

Shares of FIVE traded up $7.10 during mid-day trading on Thursday, reaching $91.52. The stock had a trading volume of 3,617,221 shares, compared to its average volume of 1,453,757. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.05 and a beta of 1.20. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The business has a fifty day moving average of $90.22 and a 200 day moving average of $102.27.

Five Below (NASDAQ:FIVE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. The business had revenue of $830.07 million for 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%. On average, research analysts forecast that Five Below will post 4.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

A number of large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in Five Below by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer's stock valued at $689,165,000 after buying an additional 38,419 shares in the last quarter. Capital World Investors increased its holdings in shares of Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer's stock valued at $435,931,000 after acquiring an additional 58,883 shares in the last quarter. Riverbridge Partners LLC raised its position in shares of Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock valued at $150,151,000 after purchasing an additional 72,020 shares during the last quarter. Point72 Asset Management L.P. grew its position in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer's stock worth $98,991,000 after purchasing an additional 769,980 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer's stock valued at $66,003,000 after purchasing an additional 207,083 shares in the last quarter.

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.