Five Below (NASDAQ:FIVE) Price Target Cut to $75.00 by Analysts at Loop Capital

Five Below (NASDAQ:FIVE) had its price objective lowered by Loop Capital from $120.00 to $75.00 in a report published on Tuesday, Marketbeat reports. The brokerage currently has a hold rating on the specialty retailer’s stock.

FIVE has been the topic of several other research reports. William Blair reaffirmed a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Morgan Stanley raised their price objective on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Guggenheim raised their price objective on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Truist Financial increased their price target on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Citigroup increased their price target on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Hold” and an average target price of $107.37.

Five Below Price Performance

NASDAQ FIVE opened at $73.91 on Tuesday. The company has a 50 day simple moving average of $89.24 and a 200-day simple moving average of $92.75. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below has a 52-week low of $64.87 and a 52-week high of $209.79.

Insider Buying and Selling at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Five Below by 70.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,201 shares of the specialty retailer’s stock valued at $756,000 after purchasing an additional 2,965 shares in the last quarter. Ascent Group LLC lifted its position in Five Below by 6.9% during the 4th quarter. Ascent Group LLC now owns 27,227 shares of the specialty retailer’s stock worth $2,858,000 after buying an additional 1,769 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Five Below during the 4th quarter worth about $1,452,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Five Below by 15.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,893 shares of the specialty retailer’s stock worth $17,097,000 after buying an additional 21,867 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Five Below by 1,345.5% during the 4th quarter. Voloridge Investment Management LLC now owns 109,670 shares of the specialty retailer’s stock worth $11,511,000 after buying an additional 102,083 shares in 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.