Five Below (NASDAQ:FIVE) Hits New 52-Week Low – Here’s What Happened

Five Below, Inc. (NASDAQ:FIVE)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $59.13 and last traded at $59.83, with a volume of 1629069 shares trading hands. The stock had previously closed at $81.49.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIVE. UBS Group decreased their price target on shares of Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Evercore ISI dropped their price target on Five Below from $93.00 to $90.00 and set an “in-line” rating on the stock in a research note on Tuesday. Telsey Advisory Group reduced their price objective 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. StockNews.com raised Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Finally, The Goldman Sachs Group cut their target price on Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.42.

Five Below Price Performance

The firm has a market cap of $3.13 billion, a PE ratio of 11.71, a P/E/G ratio of 1.19 and a beta of 1.11. The business’s fifty day moving average is $83.68 and its 200-day moving average is $91.71.

Five Below (NASDAQ:FIVE) last issued its quarterly 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 net margin of 7.02% and a return on equity of 18.03%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $3.65 EPS. Five Below’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Five Below, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of Five Below 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 completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the business’s stock in a transaction that occurred 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 directly owns 12,658 shares in the company, valued at approximately $987,830.32. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

Several hedge funds have recently made changes to their positions in FIVE. Steadfast Capital Management LP purchased a new stake in Five Below during the 4th quarter worth about $123,601,000. Marshall Wace LLP boosted its position in shares of Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after acquiring an additional 1,072,642 shares during the period. Two Sigma Advisers LP purchased a new position in Five Below during the third quarter valued at approximately $64,981,000. Norges Bank bought a new stake in Five Below during the 4th quarter worth approximately $66,933,000. Finally, Alliancebernstein L.P. lifted its stake in Five Below by 487.0% in the 4th quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer’s stock worth $59,480,000 after purchasing an additional 470,150 shares in 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.