Five Below (NASDAQ:FIVE) PT Lowered to $95.00 at Evercore ISI

Five Below (NASDAQ:FIVE) had its target price trimmed by Evercore ISI from $101.00 to $95.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the specialty retailer’s stock.

Several other equities research analysts also recently issued reports on the stock. William Blair downgraded shares of Five Below from an outperform rating to a market perform rating in a research note on Wednesday, July 17th. Truist Financial reaffirmed a hold rating and set a $89.00 price target on shares of Five Below in a research report on Monday, August 26th. Mizuho cut Five Below from an outperform rating to a neutral rating and reduced their price objective for the stock from $150.00 to $85.00 in a research note on Wednesday, July 17th. Guggenheim lowered their target price on Five Below from $165.00 to $125.00 and set a buy rating for the company in a research note on Wednesday, July 17th. Finally, Loop Capital dropped their target price on Five Below from $190.00 to $120.00 and set a hold rating on the stock in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Five Below currently has a consensus rating of Hold and an average target price of $109.63.

Five Below Stock Down 3.6 %

Shares of NASDAQ FIVE opened at $75.43 on Thursday. The stock has a market capitalization of $4.15 billion, a PE ratio of 14.18, a P/E/G ratio of 0.87 and a beta of 1.19. The firm has a fifty day moving average of $85.03 and a 200-day moving average of $133.61. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $811.86 million for the quarter, compared to analysts’ expectations of $834.29 million. Five Below had a net margin of 8.10% and a return on equity of 19.82%. Five Below’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. Equities research analysts expect that Five Below will post 4.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of Five Below by 30.4% in the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock valued at $2,462,000 after purchasing an additional 3,166 shares in the last quarter. AGF Management Ltd. bought a new position in Five Below during the 4th quarter worth approximately $3,192,000. International Assets Investment Management LLC acquired a new position in shares of Five Below in the 4th quarter worth approximately $3,726,000. Cetera Investment Advisers grew its position in shares of Five Below by 1,842.1% in the 1st quarter. Cetera Investment Advisers now owns 22,528 shares of the specialty retailer’s stock worth $4,086,000 after acquiring an additional 21,368 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Five Below by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 404,671 shares of the specialty retailer’s stock valued at $86,260,000 after acquiring an additional 11,073 shares during 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.