Five Below (NASDAQ:FIVE) Stock Rating Lowered by Telsey Advisory Group

Five Below (NASDAQ:FIVE) was downgraded by equities researchers at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a report issued on Monday,Briefing.com Automated Import reports. They currently have a $95.00 price objective on the specialty retailer’s stock, down from their previous price objective of $102.00. Telsey Advisory Group’s price target would suggest a potential upside of 9.30% from the stock’s previous close.

FIVE has been the topic of a number of other reports. KeyCorp downgraded Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Bank of America lowered shares of Five Below from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. Truist Financial raised their target price on shares of Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Evercore ISI increased their target price on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Finally, UBS Group decreased their price objective on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $106.05.

Five Below Price Performance

FIVE opened at $86.92 on Monday. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18. The stock has a market capitalization of $4.78 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.96 and a beta of 1.20. The business has a 50 day simple moving average of $91.15 and a 200-day simple moving average of $96.82.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. Research analysts anticipate that Five Below will post 4.57 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its position in Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after buying an additional 31,520 shares in the last quarter. Riverbridge Partners LLC grew its holdings in shares of Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Five Below by 1.2% during the third quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock valued at $86,559,000 after purchasing an additional 11,504 shares during the period. Point72 Asset Management L.P. boosted its stake in Five Below by 556.2% during the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares in the last quarter. Finally, Atreides Management LP bought a new stake in Five Below in the third quarter valued at about $68,649,000.

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.