Barclays Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its target price lowered by Barclays from $100.00 to $93.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the specialty retailer’s stock.

A number of other equities research analysts also recently issued reports on FIVE. Truist Financial lowered their price objective on Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research report on Thursday. Citigroup increased their price objective on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. lowered their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company increased their price objective on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, StockNews.com cut 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 given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $104.00.

Five Below Price Performance

NASDAQ:FIVE opened at $76.11 on Thursday. The company has a market cap of $4.19 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.19 and a beta of 1.11. The stock’s fifty day moving average price is $88.30 and its two-hundred day moving average price is $92.51. Five Below has a 1 year low of $64.87 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $3.65 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was 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 approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

A number of institutional investors have recently modified their holdings of FIVE. KBC Group NV boosted its holdings in shares of Five Below by 23.7% during the third quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock worth $144,000 after purchasing an additional 312 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Five Below during the third quarter worth about $1,765,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 worth $54,272,000 after purchasing an additional 180,902 shares during the period. Algert Global LLC boosted its holdings 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 worth $2,282,000 after purchasing an additional 20,266 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Five Below during the third quarter worth about $3,282,000.

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.