Five Below (NASDAQ:FIVE) Lowered to Underperform Rating by Bank of America

Bank of America cut shares of Five Below (NASDAQ:FIVE - Free Report) from a neutral rating to an underperform rating in a research report report published on Wednesday morning, MarketBeat.com reports. The firm currently has $75.00 price objective on the specialty retailer's stock, down from their prior price objective of $98.00.

Several other equities analysts also recently issued reports on the company. UBS Group reduced their price objective on Five Below from $120.00 to $108.00 and set a "buy" rating for the company in a research report on Wednesday, August 21st. Telsey Advisory Group dropped their price target on shares of Five Below from $120.00 to $102.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $79.00 price objective (down from $155.00) on shares of Five Below in a report on Thursday, July 18th. Gordon Haskett downgraded Five Below from an "accumulate" rating to a "hold" rating in a research report on Wednesday, July 24th. Finally, Melius Research started coverage on Five Below in a research note on Monday, September 23rd. They set a "hold" rating and a $100.00 price target for the company. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $110.45.

Five Below Trading Down 9.9 %

Five Below stock traded down $9.27 during midday trading on Wednesday, hitting $84.42. The stock had a trading volume of 5,262,037 shares, compared to its average volume of 1,443,688. The business has a fifty day moving average price of $90.11 and a 200 day moving average price of $102.40. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a market cap of $4.64 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.06 and a beta of 1.20.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, meeting analysts' consensus estimates of $0.54. The business had revenue of $830.07 million during the quarter, compared to the consensus estimate of $821.95 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. On average, equities analysts anticipate that Five Below will post 4.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. lifted its position in Five Below by 556.2% in the second 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 period. Marshall Wace LLP lifted its holdings in shares of Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer's stock worth $66,003,000 after acquiring an additional 207,083 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Five Below by 39.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer's stock worth $65,034,000 after acquiring an additional 167,330 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Five Below by 318,361.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 108,277 shares of the specialty retailer's stock valued at $9,566,000 after acquiring an additional 108,243 shares in the last quarter. Finally, Riverbridge Partners LLC increased its stake in Five Below by 5.5% in the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer's stock valued at $150,151,000 after acquiring an additional 72,020 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.