Five Below, Inc. (NASDAQ:FIVE) Given Average Recommendation of “Hold” by Brokerages

Shares of Five Below, Inc. (NASDAQ:FIVE) have been assigned an average recommendation of “Hold” from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $97.50.

FIVE has been the topic of several recent analyst reports. Guggenheim dropped their price target on Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. The Goldman Sachs Group upped their target price on Five Below from $94.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday. DA Davidson dropped their target price on Five Below from $50.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Truist Financial upped their target price on Five Below from $65.00 to $81.00 and gave the stock a “hold” rating in a research report on Monday, May 5th. Finally, UBS Group dropped their target price on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th.

Insider Activity at Five Below

In other Five Below news, 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 sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at $987,830.32. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five Below

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in shares of Five Below by 26,340.9% in the 1st quarter. Federated Hermes Inc. now owns 1,485,981 shares of the specialty retailer’s stock valued at $111,337,000 after acquiring an additional 1,480,361 shares during the last quarter. Steadfast Capital Management LP purchased a new position in Five Below during the 4th quarter valued at about $123,601,000. Marshall Wace LLP increased its holdings in Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after purchasing an additional 1,072,642 shares during the period. American Century Companies Inc. increased its holdings in Five Below by 494.5% during the 1st quarter. American Century Companies Inc. now owns 1,175,075 shares of the specialty retailer’s stock valued at $88,042,000 after purchasing an additional 977,411 shares during the period. Finally, Norges Bank purchased a new position in Five Below during the 4th quarter valued at about $66,933,000.

Five Below Price Performance

Shares of FIVE opened at $110.03 on Friday. The company has a market cap of $6.06 billion, a P/E ratio of 22.69, a PEG ratio of 1.19 and a beta of 0.87. The stock has a fifty day moving average price of $78.27 and a 200 day moving average price of $88.49. Five Below has a 12 month low of $52.38 and a 12 month high of $141.70.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.65 EPS. As a group, research analysts anticipate that Five Below will post 4.93 earnings per share for the current year.

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.