Evercore ISI Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price target lowered by equities research analysts at Evercore ISI from $93.00 to $90.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the specialty retailer’s stock. Evercore ISI’s price objective would indicate a potential upside of 17.62% from the company’s current price.

Other analysts have also issued reports about the stock. StockNews.com raised shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. Telsey Advisory Group cut their price target on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday, March 18th. Morgan Stanley reissued an “equal weight” rating on shares of Five Below in a research note on Thursday, March 20th. Craig Hallum raised their price objective on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Bank of America decreased their target price on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.42.

Five Below Price Performance

Shares of NASDAQ FIVE traded up $1.59 during mid-day trading on Tuesday, hitting $76.52. The company had a trading volume of 204,761 shares, compared to its average volume of 1,784,105. The firm’s 50 day simple moving average is $85.73 and its two-hundred day simple moving average is $92.45. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 15.74, a PEG 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 $182.99.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data 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 business had revenue of $1.39 billion during 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 revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.65 earnings per share. Equities analysts forecast 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 on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Large investors have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Five Below during the 4th quarter worth about $31,000. UMB Bank n.a. raised its stake in Five Below by 156.9% in the 4th quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 204 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Five Below during the 3rd quarter valued at $42,000. Coppell Advisory Solutions LLC boosted its position 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 purchasing an additional 253 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock worth $61,000 after buying an additional 558 shares during the last quarter.

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.