Five Below (NASDAQ:FIVE) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Five Below (NASDAQ:FIVE) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

A number of other brokerages also recently commented on FIVE. Credit Suisse Group boosted their target price on shares of Five Below from $120.00 to $125.00 and gave the stock a neutral rating in a research note on Thursday, June 6th. Bank of America set a $150.00 price objective on shares of Five Below and gave the company a buy rating in a research note on Monday, August 12th. Morgan Stanley assumed coverage on shares of Five Below in a research note on Monday, July 1st. They issued an overweight rating and a $135.00 price objective for the company. Barclays restated a neutral rating on shares of Five Below in a research note on Friday, August 30th. Finally, Royal Bank of Canada upped their price objective on shares of Five Below from $126.00 to $130.00 and gave the company an outperform rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $137.22.

Shares of FIVE stock traded up $2.76 on Wednesday, reaching $127.09. 465,971 shares of the stock were exchanged, compared to its average volume of 692,293. The company has a current ratio of 1.98, a quick ratio of 1.09 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average price is $123.30 and its 200 day moving average price is $126.18. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 1.60 and a beta of 0.58. Five Below has a twelve month low of $86.57 and a twelve month high of $148.21.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $421.38 million. Five Below had a net margin of 9.26% and a return on equity of 24.52%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Equities research analysts forecast that Five Below will post 3.04 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Shine Investment Advisory Services Inc. boosted its stake in Five Below by 73.3% in the second quarter. Shine Investment Advisory Services Inc. now owns 305 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 129 shares in the last quarter. Optimum Investment Advisors raised its holdings in shares of Five Below by 80.0% in the second quarter. Optimum Investment Advisors now owns 450 shares of the specialty retailer’s stock valued at $54,000 after buying an additional 200 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Five Below in the second quarter valued at about $66,000. Carroll Financial Associates Inc. raised its holdings in shares of Five Below by 18.7% in the second quarter. Carroll Financial Associates Inc. now owns 584 shares of the specialty retailer’s stock valued at $70,000 after buying an additional 92 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Five Below by 15.2% in the first quarter. Rehmann Capital Advisory Group now owns 598 shares of the specialty retailer’s stock valued at $74,000 after buying an additional 79 shares during the last quarter. Institutional investors own 97.77% of the company’s stock.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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