Guggenheim Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE - Free Report) had its target price lowered by Guggenheim from $140.00 to $125.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer's stock.

Other equities research analysts have also recently issued reports about the company. Loop Capital reduced their price target on Five Below from $120.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. Bank of America reduced their target price on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating on the stock in a research report on Thursday, March 20th. Telsey Advisory Group lowered their price target on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating for the company in a research report on Tuesday, March 18th. Barclays cut their price objective on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Finally, Truist Financial lowered their target price on shares of Five Below from $93.00 to $86.00 and set a "hold" rating for the company in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $102.16.

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Five Below Stock Performance

Shares of NASDAQ FIVE traded down $2.22 during mid-day trading on Friday, hitting $77.01. The stock had a trading volume of 1,951,168 shares, compared to its average volume of 1,762,844. The business has a 50 day moving average price of $87.00 and a two-hundred day moving average price of $92.77. Five Below has a 1 year low of $64.87 and a 1 year high of $185.48. The firm has a market cap of $4.24 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the company earned $3.65 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts predict that Five Below will post 4.93 EPS for the current fiscal year.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction that occurred on 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 owns 12,658 shares in the company, valued at $987,830.32. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Institutional Trading of Five Below

A number of hedge funds have recently bought and sold shares of FIVE. Brooklyn Investment Group purchased a new position in Five Below in the third quarter worth about $30,000. Proficio Capital Partners LLC bought a new position in shares of Five Below in the 4th quarter worth approximately $31,000. UMB Bank n.a. boosted its holdings in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after buying an additional 204 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Five Below during the third quarter valued at approximately $42,000. Finally, Coppell Advisory Solutions LLC grew its position in Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock valued at $45,000 after buying 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.