Five Below (NASDAQ:FIVE) Rating Lowered to Market Perform at Telsey Advisory Group

Five Below (NASDAQ:FIVE) was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. They currently have a $95.00 price objective on the specialty retailer’s stock, down from their previous price objective of $102.00. Telsey Advisory Group’s price target indicates a potential upside of 9.30% from the stock’s current price.

A number of other brokerages have also recently weighed in on FIVE. UBS Group dropped their price target on shares of Five Below from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Melius Research began coverage on shares of Five Below in a report on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price for the company. Evercore ISI upped their price target on Five Below from $100.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $98.00 to $75.00 in a research note on Wednesday, November 6th. Finally, KeyCorp downgraded Five Below from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Three 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.05.

Five Below Price Performance

Five Below stock opened at $86.92 on Monday. The business has a 50 day simple moving average of $91.15 and a 200-day simple moving average of $96.82. The stock has a market capitalization of $4.78 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data 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 return on equity of 18.16% and a net margin of 7.57%. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. On average, equities research analysts anticipate that Five Below will post 4.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Paladin Wealth LLC purchased a new position in shares of Five Below during the third quarter worth about $26,000. Brooklyn Investment Group purchased a new position in shares of Five Below in the 3rd quarter valued at approximately $30,000. Partnership Wealth Management LLC grew its stake 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 valued at $34,000 after purchasing an additional 300 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Five Below in the first quarter valued at approximately $38,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Five Below during the second quarter worth approximately $44,000.

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.