Five Below (NASDAQ:FIVE) Given New $25.00 Price Target at DA Davidson

Five Below (NASDAQ:FIVE) had its price target dropped by research analysts at DA Davidson from $50.00 to $25.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. DA Davidson’s price target suggests a potential downside of 60.91% from the stock’s previous close.

A number of other equities research analysts have also weighed in on FIVE. Telsey Advisory Group lowered their target price on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. raised shares of Five Below from an “underweight” rating to a “neutral” rating and set a $57.00 target price on the stock in a research report on Monday, April 7th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Loop Capital dropped their price target on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. Finally, Bank of America reduced their price objective on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Five Below has a consensus rating of “Hold” and an average target price of $94.30.

Five Below Stock Performance

Shares of Five Below stock traded up $3.48 on Monday, reaching $63.95. 1,914,105 shares of the company’s stock were exchanged, compared to its average volume of 2,302,030. The firm’s 50-day moving average is $78.81 and its two-hundred day moving average is $89.89. The company has a market capitalization of $3.52 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01. Five Below has a 52 week low of $52.38 and a 52 week high of $159.80.

Five Below (NASDAQ:FIVE) last posted 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 during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.65 earnings per share. On average, analysts expect that Five Below will post 4.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below 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 of the company’s stock, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of the 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 transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIVE. Gradient Investments LLC grew its holdings in Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after acquiring an additional 111 shares during the last quarter. Bank of Montreal Can raised its position in Five Below by 1.0% during the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock valued at $1,278,000 after purchasing an additional 123 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Five Below by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock worth $2,509,000 after buying an additional 150 shares during the period. Sterling Capital Management LLC lifted its stake in Five Below by 13.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock worth $143,000 after acquiring an additional 158 shares during the period. Finally, Cornerstone Investment Partners LLC boosted its stake in shares of Five Below by 3.5% during the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock valued at $497,000 after purchasing an additional 162 shares in the last quarter.

Five Below Company Profile

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.