Five Below (NASDAQ:FIVE) Shares Gap Down - Should You Sell?

Shares of Five Below, Inc. (NASDAQ:FIVE - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $61.77, but opened at $59.98. Five Below shares last traded at $57.41, with a volume of 420,302 shares traded.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Evercore ISI decreased their target price on Five Below from $93.00 to $90.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Loop Capital decreased their price objective on Five Below from $120.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. Truist Financial dropped their target price on shares of Five Below from $86.00 to $65.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group decreased their price target on shares of Five Below from $117.00 to $102.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Telsey Advisory Group dropped their price objective on shares of Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Five Below presently has a consensus rating of "Hold" and a consensus target price of $94.30.

Five Below Price Performance

The stock's 50-day moving average is $78.16 and its two-hundred day moving average is $89.69. The company has a market cap of $3.50 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.19 and a beta of 1.01.

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

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ronald James Masciantonio sold 584 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in shares of Five Below during the 4th quarter valued at approximately $31,000. UMB Bank n.a. increased its stake 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 purchasing an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below during the 3rd quarter valued at $42,000. Coppell Advisory Solutions LLC lifted 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 valued at $45,000 after buying an additional 253 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock worth $61,000 after buying an additional 558 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.