Five Below (NASDAQ:FIVE) Shares Gap Down – Here’s What Happened

Five Below, Inc. (NASDAQ:FIVE) gapped down prior to trading on Wednesday . The stock had previously closed at $84.57, but opened at $81.19. Five Below shares last traded at $80.92, with a volume of 454,969 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FIVE. Gordon Haskett raised Five Below from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Thursday, November 7th. Truist Financial upped their target price on Five Below from $87.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Bank of America cut shares of Five Below from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $98.00 to $75.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group reduced their price target on shares of Five Below from $124.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Mizuho restated a “neutral” rating and issued a $85.00 target price on shares of Five Below in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.40.

Five Below Stock Performance

The company has a fifty day simple moving average of $91.34 and a 200 day simple moving average of $97.90. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 0.93 and a beta of 1.20.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a net margin of 7.57% and a return on equity of 18.16%. The business had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. As a group, equities analysts predict that Five Below, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of Five Below

A number of hedge funds have recently bought and sold shares of the business. Paladin Wealth LLC bought a new position in shares of Five Below in the third quarter worth $26,000. Brooklyn Investment Group purchased a new position in shares of Five Below during the third quarter valued at approximately $30,000. Partnership Wealth Management LLC lifted its position in shares of Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 300 shares during the period. LRI Investments LLC purchased a new position in shares of Five Below in the 1st quarter valued at approximately $38,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Five Below in the 2nd quarter worth about $44,000.

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.