Loop Capital Lowers Five Below (NASDAQ:FIVE) Price Target to $75.00

Five Below (NASDAQ:FIVE) had its price target decreased by equities researchers at Loop Capital from $120.00 to $75.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s target price would indicate a potential upside of 1.18% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Craig Hallum increased their price target on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Guggenheim increased their price target on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. StockNews.com cut Five Below from a “hold” rating to a “sell” rating in a report on Friday, December 13th. Telsey Advisory Group reduced their price objective on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.37.

Five Below Stock Performance

Shares of NASDAQ FIVE traded down $0.25 during midday trading on Tuesday, hitting $74.13. 264,576 shares of the stock traded hands, compared to its average volume of 1,717,474. The firm has a 50-day moving average of $89.81 and a two-hundred day moving average of $92.76. The firm has a market capitalization of $4.08 billion, a P/E ratio of 15.28, a PEG ratio of 1.19 and a beta of 1.11. Five Below has a one year low of $64.87 and a one year high of $209.79.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FIVE. Steadfast Capital Management LP bought a new position in shares of Five Below during the 4th quarter valued at about $123,601,000. Marshall Wace LLP boosted its holdings in shares of 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 last quarter. Atreides Management LP bought a new position in shares of Five Below during the 3rd quarter valued at about $68,649,000. Two Sigma Advisers LP bought a new position in shares of Five Below during the 3rd quarter valued at about $64,981,000. Finally, Norges Bank bought a new position in shares of Five Below during the 4th quarter valued at about $66,933,000.

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.