UBS Group Cuts Five Below (NASDAQ:FIVE) Price Target to $110.00

Five Below (NASDAQ:FIVE) had its price target trimmed by UBS Group from $150.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock.

Several other research analysts also recently commented on FIVE. Morgan Stanley dropped their price objective on shares of Five Below from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday. Mizuho increased their price objective on shares of Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, December 6th. William Blair reissued a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Truist Financial dropped their price objective on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a report on Thursday. Finally, Barclays dropped their price objective on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Five Below has an average rating of “Hold” and a consensus price target of $102.16.

Five Below Stock Performance

Shares of Five Below stock opened at $76.24 on Thursday. The company has a market capitalization of $4.19 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.19 and a beta of 1.11. The company has a fifty day moving average of $87.76 and a 200 day moving average of $92.63. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $185.48.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. Five Below’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.65 EPS. Analysts forecast that Five Below will post 4.93 EPS for the current year.

Insider Activity

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were 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 in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Several institutional investors have recently bought and sold shares of FIVE. Steadfast Capital Management LP acquired a new stake in Five Below in the fourth quarter valued at approximately $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 acquiring an additional 1,072,642 shares in the last quarter. Atreides Management LP acquired a new stake in Five Below in the third quarter valued at approximately $68,649,000. Two Sigma Advisers LP acquired a new stake in Five Below in the third quarter valued at approximately $64,981,000. Finally, Norges Bank acquired a new stake in Five Below in the fourth quarter valued at approximately $66,933,000.

Five Below Company Profile

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.