Guggenheim Issues Pessimistic Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price target cut by equities researchers at Guggenheim from $140.00 to $125.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. Guggenheim’s target price indicates a potential upside of 67.01% from the stock’s current price.

Several other analysts have also weighed in on the stock. StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. decreased their price target 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. Mizuho decreased their price target on shares of Five Below from $105.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company boosted their target price 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, Craig Hallum upped their price objective on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $103.21.

Five Below Stock Performance

Shares of Five Below stock traded down $1.26 during trading on Friday, reaching $74.85. The company’s stock had a trading volume of 201,689 shares, compared to its average volume of 1,761,763. The business’s fifty day moving average price is $88.30 and its 200-day moving average price is $92.51. Five Below has a one year low of $64.87 and a one year high of $187.83. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $3.65 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that Five Below will post 4.93 EPS for the current year.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Steadfast Capital Management LP bought a new stake in Five Below during the fourth quarter worth $123,601,000. Marshall Wace LLP boosted its stake in Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after buying an additional 1,072,642 shares in the last quarter. Atreides Management LP bought a new position in Five Below in the third quarter valued at about $68,649,000. Two Sigma Advisers LP acquired a new position in Five Below during the third quarter worth about $64,981,000. Finally, Norges Bank acquired a new position in Five Below during the fourth quarter worth 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.