Five Below (NASDAQ:FIVE) Lowered to "Market Perform" Rating by Telsey Advisory Group

Five Below (NASDAQ:FIVE - Get Free Report) was downgraded by stock analysts at Telsey Advisory Group from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $95.00 price target on the specialty retailer's stock, down from their previous price target of $102.00. Telsey Advisory Group's price objective would suggest a potential upside of 2.32% from the company's previous close.

A number of other analysts also recently commented on the company. The Goldman Sachs Group reduced their price objective on Five Below from $124.00 to $106.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Evercore ISI boosted their price objective on Five Below from $100.00 to $104.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 22nd. Truist Financial upped their target price on shares of Five Below from $87.00 to $88.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. Mizuho reaffirmed a "neutral" rating and issued a $85.00 target price on shares of Five Below in a research report on Thursday, October 3rd. Finally, UBS Group lowered their target price on shares of Five Below from $120.00 to $108.00 and set a "buy" rating on the stock in a report on Wednesday, August 21st. Three 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 company. According to data from MarketBeat, Five Below currently has an average rating of "Hold" and a consensus target price of $106.05.

Five Below Stock Performance

Shares of Five Below stock traded up $5.93 during trading on Monday, reaching $92.85. The company had a trading volume of 1,994,216 shares, compared to its average volume of 1,469,465. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The firm's fifty day moving average is $91.15 and its 200-day moving average is $96.82.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, meeting analysts' consensus estimates of $0.54. The company 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, research analysts anticipate that Five Below will post 4.57 EPS for the current fiscal year.

Institutional Trading of Five Below

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Five Below during the 3rd quarter worth approximately $42,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Five Below by 52.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 27,179 shares of the specialty retailer's stock worth $2,401,000 after purchasing an additional 9,336 shares during the last quarter. Geode Capital Management LLC increased its holdings in Five Below by 1.2% in the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer's stock valued at $86,559,000 after purchasing an additional 11,504 shares during the period. Prestige Wealth Management Group LLC acquired a new position in Five Below during the 3rd quarter worth about $522,000. Finally, Bullseye Asset Management LLC increased its stake in shares of Five Below by 9.4% in the third quarter. Bullseye Asset Management LLC now owns 35,007 shares of the specialty retailer's stock valued at $3,093,000 after buying an additional 3,000 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.