Five Below (NASDAQ:FIVE) Stock Price Down 7.9% – Here’s Why

Five Below, Inc. (NASDAQ:FIVE) fell 7.9% during trading on Friday . The company traded as low as $73.05 and last traded at $73.12. 880,880 shares traded hands during trading, a decline of 51% from the average session volume of 1,780,609 shares. The stock had previously closed at $79.36.

Wall Street Analyst Weigh In

FIVE has been the topic of a number of research reports. Truist Financial dropped their target price on Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. Citigroup upped their price objective on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Guggenheim dropped their price target on shares of Five Below from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, William Blair reissued a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.16.

Five Below Price Performance

The company has a market capitalization of $4.03 billion, a P/E ratio of 15.09, a PEG ratio of 1.19 and a beta of 1.11. The stock’s fifty day simple moving average is $86.40 and its 200-day simple moving average is $92.57.

Five Below (NASDAQ:FIVE) last announced 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. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.65 EPS. On average, research analysts predict that Five Below, Inc. will post 4.93 earnings per share for the current year.

Insider Activity at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Five Below by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock valued at $529,792,000 after buying an additional 43,537 shares during the period. Wasatch Advisors LP lifted its stake in Five Below by 3.7% during the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after purchasing an additional 86,271 shares during the period. Marshall Wace LLP boosted its holdings in Five Below by 86.0% during the fourth 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 in the last quarter. State Street Corp grew its stake in shares of Five Below by 1.9% in the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after purchasing an additional 31,520 shares during the period. Finally, Steadfast Capital Management LP acquired a new position in shares of Five Below in the 4th quarter worth approximately $123,601,000.

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.