KeyCorp Cuts Five Below (NASDAQ:FIVE) Price Target to $106.00

Five Below (NASDAQ:FIVE) had its price objective dropped by KeyCorp from $115.00 to $106.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. KeyCorp’s price target points to a potential upside of 37.84% from the company’s previous close.

Several other research analysts have also recently issued reports on FIVE. Guggenheim decreased their price objective on shares of Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. UBS Group lowered their price objective on shares of Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Wells Fargo & Company cut their target price on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. Finally, JPMorgan Chase & Co. upped their target price on Five Below from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.63.

Five Below Stock Performance

Shares of Five Below stock traded down $2.04 during trading on Thursday, reaching $76.90. The company had a trading volume of 2,415,103 shares, compared to its average volume of 1,364,349. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $216.18. The firm’s fifty day moving average is $86.51 and its 200-day moving average is $135.14. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Five Below had a return on equity of 19.82% and a net margin of 8.10%. The business had revenue of $830.07 million for the quarter, compared to analyst estimates of $821.95 million. On average, research analysts anticipate that Five Below will post 4.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management boosted its stake in shares of Five Below by 3.1% during the 4th quarter. Picton Mahoney Asset Management now owns 2,530 shares of the specialty retailer’s stock worth $540,000 after buying an additional 75 shares during the last quarter. Janney Capital Management LLC lifted its holdings in shares of Five Below by 3.2% during the 4th quarter. Janney Capital Management LLC now owns 2,419 shares of the specialty retailer’s stock worth $516,000 after acquiring an additional 76 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Five Below by 1.7% in the 4th quarter. Neuberger Berman Group LLC now owns 4,497 shares of the specialty retailer’s stock valued at $959,000 after purchasing an additional 76 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Five Below by 86.3% in the fourth quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Finally, HMS Capital Management LLC grew its holdings in shares of Five Below by 6.2% during the first quarter. HMS Capital Management LLC now owns 1,604 shares of the specialty retailer’s stock worth $291,000 after purchasing an additional 94 shares during the last quarter.

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.