Guggenheim Lowers Five Below (NASDAQ:FIVE) Price Target to $125.00

Five Below (NASDAQ:FIVE) had its target price lowered by Guggenheim from $140.00 to $125.00 in a research report report published on Friday morning,Benzinga reports. Guggenheim currently has a buy rating on the specialty retailer’s stock.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company upped their price target on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Truist Financial decreased their target price on shares of Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a report on Thursday. Barclays cut their price target 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. The Goldman Sachs Group boosted their price target on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, William Blair reiterated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Up 0.2 %

NASDAQ FIVE opened at $76.24 on Friday. The company’s 50 day moving average is $87.76 and its 200-day moving average is $92.76. The firm has a market cap of $4.19 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. Five Below has a 12-month low of $64.87 and a 12-month high of $185.48.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion for 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 business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.65 earnings per share. Equities analysts expect that Five Below will post 4.93 EPS for the current year.

Insider Activity

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 completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Steadfast Capital Management LP bought a new stake in shares of Five Below in the 4th quarter valued at about $123,601,000. Marshall Wace LLP increased its stake in Five Below by 86.0% in the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the period. Atreides Management LP bought a new stake in Five Below in the third quarter valued at approximately $68,649,000. Two Sigma Advisers LP purchased a new stake in shares of Five Below during the third quarter valued at approximately $64,981,000. Finally, Norges Bank bought a new position in shares of Five Below in the fourth quarter worth 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.