Five Below (NASDAQ:FIVE) Upgraded at StockNews.com

StockNews.com upgraded shares of Five Below (NASDAQ:FIVE) from a sell rating to a hold rating in a research note issued to investors on Monday.

Several other equities analysts have also recently weighed in on the stock. Truist Financial lowered their price objective on shares of Five Below from $93.00 to $86.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. William Blair reiterated a “market perform” rating on shares of Five Below in a research note on Monday, December 2nd. The Goldman Sachs Group cut their price objective on shares of Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, March 21st. 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. Finally, 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, March 20th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Five Below has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Up 1.1 %

FIVE opened at $77.84 on Monday. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.19 and a beta of 1.11. The firm has a 50 day moving average price of $86.67 and a 200-day moving average price of $92.66. Five Below has a twelve month low of $64.87 and a twelve month high of $185.48.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating 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 prior year, the firm earned $3.65 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts expect that Five Below will post 4.93 earnings per share for the current year.

Insiders Place Their Bets

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the company’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 sale, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

A number of hedge funds have recently bought and sold shares of FIVE. Steadfast Capital Management LP bought a new stake in shares of Five Below in the 4th quarter worth about $123,601,000. Marshall Wace LLP increased its stake in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after acquiring an additional 1,072,642 shares during the last quarter. Atreides Management LP bought a new stake in Five Below during the third quarter worth approximately $68,649,000. Two Sigma Advisers LP purchased a new stake in Five Below during the third quarter valued at approximately $64,981,000. Finally, Norges Bank bought a new stake in shares of Five Below in the 4th quarter valued at approximately $66,933,000.

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.