Five Below (NASDAQ:FIVE) Lowered to “Underperform” Rating by Bank of America

Bank of America cut shares of Five Below (NASDAQ:FIVE) from a neutral rating to an underperform rating in a research note released on Wednesday morning, MarketBeat.com reports. They currently have $75.00 target price on the specialty retailer’s stock, down from their prior target price of $98.00.

Other analysts have also recently issued research reports about the stock. Evercore ISI upped their target price on shares of Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Mizuho reiterated a “neutral” rating and issued a $85.00 price objective on shares of Five Below in a research note on Thursday, October 3rd. Wells Fargo & Company cut their target price on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $176.00 to $90.00 in a research report on Wednesday, July 17th. Finally, Morgan Stanley lowered shares of Five Below from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $160.00 to $100.00 in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $110.45.

Five Below Trading Up 0.1 %

Shares of NASDAQ:FIVE opened at $84.53 on Wednesday. The firm has a market capitalization of $4.65 billion, a PE ratio of 16.62, a PEG ratio of 1.05 and a beta of 1.20. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18. The business’s 50 day moving average is $90.22 and its 200-day moving average is $102.27.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $821.95 million. On average, sell-side analysts predict that Five Below will post 4.55 EPS for the current year.

Hedge Funds Weigh In On Five Below

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Five Below by 30.4% during the 1st quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock worth $2,462,000 after purchasing an additional 3,166 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Five Below by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 48,304 shares of the specialty retailer’s stock worth $8,761,000 after buying an additional 200 shares during the period. SG Americas Securities LLC raised its stake in shares of Five Below by 119.9% during the first quarter. SG Americas Securities LLC now owns 3,145 shares of the specialty retailer’s stock worth $570,000 after buying an additional 1,715 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its holdings in Five Below by 16.1% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 1,930 shares of the specialty retailer’s stock valued at $350,000 after buying an additional 268 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Five Below by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 70,737 shares of the specialty retailer’s stock valued at $12,830,000 after acquiring an additional 3,916 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.