Five Below (NASDAQ:FIVE) Trading Down 3.1% - Here's What Happened

Five Below, Inc. (NASDAQ:FIVE - Get Free Report)'s share price was down 3.1% on Friday . The stock traded as low as $82.77 and last traded at $83.08. Approximately 25,451 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 1,582,742 shares. The stock had previously closed at $85.76.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FIVE shares. Craig Hallum upped their price objective on Five Below from $125.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Truist Financial boosted their target price on Five Below from $88.00 to $118.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Morgan Stanley boosted their target price on Five Below from $100.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Wells Fargo & Company boosted their target price on Five Below from $115.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their target price on Five Below from $107.00 to $102.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Five Below has an average rating of "Hold" and a consensus target price of $111.32.

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Five Below Stock Down 4.3 %

The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The firm has a 50-day moving average of $93.11 and a two-hundred day moving average of $92.95.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $843.71 million for the quarter, compared to the consensus estimate of $801.48 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business's quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts predict that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value 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. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of Five Below by 156.9% during the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 204 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Five Below during the 3rd quarter worth about $30,000. Coppell Advisory Solutions LLC boosted its stake in shares of Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after acquiring an additional 253 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below during the 3rd quarter worth about $42,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after acquiring an additional 558 shares in 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.