Mizuho Lowers Five Below (NASDAQ:FIVE) Price Target to $88.00

Five Below (NASDAQ:FIVE) had its price objective lowered by Mizuho from $105.00 to $88.00 in a report issued on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the specialty retailer’s stock.

Several other research firms also recently weighed in on FIVE. Bank of America dropped their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a report on Thursday. Barclays dropped their target price on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday. Telsey Advisory Group dropped their target price on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday. William Blair reaffirmed a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. Finally, StockNews.com cut shares of Five Below from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.00.

Five Below Stock Up 0.7 %

Shares of FIVE opened at $76.11 on Thursday. The company has a 50-day simple moving average of $88.30 and a 200-day simple moving average of $92.51. The company has a market capitalization of $4.19 billion, a PE ratio of 15.69, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below has a 52-week low of $64.87 and a 52-week high of $187.83.

Five Below (NASDAQ:FIVE) last posted its 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. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $3.65 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Five Below 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 Five Below stock in a transaction that occurred 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 of the company’s stock, 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 filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in Five Below by 41.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares in the last quarter. National Bank of Canada FI lifted its position in Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer’s stock valued at $6,964,000 after buying an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Five Below during the third quarter valued at approximately $3,282,000. Algert Global LLC raised its stake in shares of Five Below by 364.2% during the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after purchasing an additional 20,266 shares during the period. Finally, Prestige Wealth Management Group LLC purchased a new stake in shares of Five Below during the third quarter valued at approximately $522,000.

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.