Five Below (NASDAQ:FIVE) Sets New 12-Month Low - What's Next?

Five Below, Inc. (NASDAQ:FIVE - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $59.13 and last traded at $59.83, with a volume of 1629069 shares changing hands. The stock had previously closed at $81.49.

Wall Street Analyst Weigh In

FIVE has been the subject of several research analyst reports. Evercore ISI lowered their target price on shares of Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. upgraded shares of Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 target price for the company in a report on Monday. Truist Financial decreased their price target on Five Below from $86.00 to $65.00 and set a "hold" rating on the stock in a research note on Tuesday. Loop Capital dropped their price objective on Five Below from $120.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Finally, UBS Group decreased their target price on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $97.95.

Five Below Stock Performance

The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.19 and a beta of 1.01. The company has a 50-day moving average price of $82.97 and a 200-day moving average price of $91.32.

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Five Below (NASDAQ:FIVE - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.65 earnings per share. On average, research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Eric M. Specter sold 5,494 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now owns 57,267 shares of the company's stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Five Below

Several hedge funds have recently made changes to their positions in FIVE. Quantinno Capital Management LP acquired a new stake in Five Below during the 3rd quarter worth approximately $465,000. State Street Corp lifted its holdings in shares of Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer's stock worth $146,865,000 after purchasing an additional 31,520 shares during the period. Wellington Management Group LLP lifted its position in shares of Five Below by 1,042.4% during the 3rd quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer's stock valued at $34,545,000 after acquiring an additional 356,776 shares during the period. National Bank of Canada FI increased its stake in Five Below by 155.2% in the 3rd quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer's stock valued at $6,964,000 after purchasing an additional 47,940 shares in the last quarter. Finally, Peloton Wealth Strategists raised its holdings in Five Below by 7.3% during the third quarter. Peloton Wealth Strategists now owns 7,320 shares of the specialty retailer's stock worth $647,000 after purchasing an additional 500 shares during the last quarter.

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.