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

Five Below (NASDAQ:FIVE) had its price target reduced by analysts at UBS Group from $150.00 to $110.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. UBS Group’s price objective suggests a potential upside of 36.42% from the stock’s current price.

Several other equities research analysts have also recently weighed in on FIVE. The Goldman Sachs Group boosted their price objective on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their price objective on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on Five Below from $107.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Truist Financial reduced their price objective on Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Guggenheim boosted their price objective on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Five Below currently has a consensus rating of “Hold” and a consensus price target of $104.89.

Five Below Price Performance

Shares of FIVE stock traded up $5.05 during trading hours on Thursday, hitting $80.64. The stock had a trading volume of 2,380,411 shares, compared to its average volume of 1,748,532. Five Below has a one year low of $64.87 and a one year high of $209.79. The stock’s 50-day moving average price is $88.76 and its two-hundred day moving average price is $92.63. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last issued 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. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm posted $3.65 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was 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 owns 57,267 shares in the company, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Trading of Five Below

A number of hedge funds have recently bought and sold shares of FIVE. Brooklyn Investment Group purchased a new stake in Five Below during the third quarter worth $30,000. Proficio Capital Partners LLC purchased a new stake in Five Below during the fourth quarter worth $31,000. UMB Bank n.a. lifted its holdings in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after buying an additional 204 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Five Below during the third quarter worth $42,000. Finally, Coppell Advisory Solutions LLC lifted its holdings in Five Below by 143.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after buying an additional 253 shares during the period.

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.