The Goldman Sachs Group Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price target decreased by The Goldman Sachs Group from $117.00 to $102.00 in a research report sent to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the specialty retailer’s stock.

A number of other brokerages have also recently commented on FIVE. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a report on Thursday. Loop Capital decreased their target price on Five Below from $120.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. UBS Group cut their price target on Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company lifted their price objective on Five Below from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Craig Hallum boosted their price objective on Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Five Below currently has a consensus rating of “Hold” and an average price target of $102.16.

Five Below Price Performance

NASDAQ FIVE opened at $76.24 on Friday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11. Five Below has a 1-year low of $64.87 and a 1-year high of $185.48. The business’s fifty day moving average price is $87.76 and its 200-day moving average price is $92.76.

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

Insider Activity at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated 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 directly owns 57,267 shares in the company, valued at $5,197,552.92. The trade was a 8.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Below

Several large investors have recently added to or reduced their stakes in FIVE. Wealth Enhancement Advisory Services LLC boosted its holdings 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 worth $756,000 after purchasing an additional 2,965 shares during the period. Ascent Group LLC boosted its stake in Five Below by 6.9% during the fourth 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 during the period. Neo Ivy Capital Management bought a new position in Five Below during the fourth quarter valued at $1,452,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Five Below by 15.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,893 shares of the specialty retailer’s stock valued at $17,097,000 after acquiring an additional 21,867 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Five Below by 1,345.5% in the 4th quarter. Voloridge Investment Management LLC now owns 109,670 shares of the specialty retailer’s stock worth $11,511,000 after acquiring an additional 102,083 shares during the last quarter.

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.