Oppenheimer Downgrades Five Below (NASDAQ:FIVE) to Market Perform

Five Below (NASDAQ:FIVEGet Free Report) was downgraded by research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a $200.00 price target on the specialty retailer’s stock, down from their prior price target of $235.00. Oppenheimer’s price target suggests a potential upside of 11.45% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. StockNews.com assumed coverage on shares of Five Below in a report on Thursday, October 5th. They issued a “sell” rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Five Below from $217.00 to $222.00 and gave the company an “overweight” rating in a report on Monday. Barclays increased their price target on shares of Five Below from $219.00 to $236.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Evercore ISI raised shares of Five Below from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $215.00 to $245.00 in a research note on Thursday, January 4th. Finally, Truist Financial increased their target price on Five Below from $195.00 to $214.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.05.

Get Our Latest Report on Five Below

Five Below Trading Down 1.8 %

NASDAQ:FIVE opened at $179.46 on Tuesday. Five Below has a 12 month low of $144.57 and a 12 month high of $220.19. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 1.73 and a beta of 1.24. The company has a 50-day moving average price of $195.98 and a 200-day moving average price of $183.99.

Five Below (NASDAQ:FIVEGet Free Report) last released its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Five Below had a net margin of 8.08% and a return on equity of 19.42%. The business had revenue of $736.41 million during the quarter, compared to analyst estimates of $728.04 million. During the same period last year, the business earned $0.29 EPS. Five Below’s revenue was up 14.2% compared to the same quarter last year. Equities analysts forecast that Five Below will post 5.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Five Below news, Director Thomas Vellios sold 10,000 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $185.82, for a total value of $1,858,200.00. Following the sale, the director now owns 333,697 shares of the company’s stock, valued at $62,007,576.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Five Below

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Five Below in the second quarter valued at about $25,000. Acadian Asset Management LLC acquired a new stake in Five Below during the 2nd quarter valued at approximately $25,000. Sunbelt Securities Inc. lifted its holdings in Five Below by 76.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 134 shares of the specialty retailer’s stock worth $26,000 after buying an additional 58 shares during the last quarter. Alaska Permanent Fund Corp bought a new position in Five Below during the 2nd quarter worth approximately $27,000. Finally, Planned Solutions Inc. bought a new position in Five Below during the 4th quarter worth approximately $34,000.

Five Below Company Profile

(Get Free Report)

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 glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.

Featured Stories

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Receive News & Ratings for Five Below Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Below and related companies with MarketBeat.com's FREE daily email newsletter.