Five Below (NASDAQ:FIVE) Price Target Lowered to $88.00 at Mizuho

Five Below (NASDAQ:FIVE) had its price objective cut by analysts at Mizuho from $105.00 to $88.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. Mizuho’s target price indicates a potential upside of 8.64% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Barclays lowered their price target on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Five Below from $106.00 to $122.00 and gave the company a “buy” rating in a report on Friday, December 6th. Morgan Stanley restated an “equal weight” rating on shares of Five Below in a research note on Thursday. Guggenheim lifted their price objective on Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group dropped their target price on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $104.00.

Five Below Price Performance

FIVE traded up $5.41 on Thursday, hitting $81.00. The company had a trading volume of 4,158,950 shares, compared to its average volume of 1,755,327. Five Below has a 52-week low of $64.87 and a 52-week high of $209.79. The stock has a fifty day simple moving average of $88.76 and a 200-day simple moving average of $92.63. The firm has a market capitalization of $4.46 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.65 earnings per share. Equities research analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Five Below

Institutional investors and hedge funds have recently bought and sold shares of the stock. KBC Group NV grew its position in shares of Five Below by 23.7% during the third quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 312 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Five Below during the third quarter valued at approximately $1,765,000. Charles Schwab Investment Management Inc. boosted its stake in Five Below by 41.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares during the last quarter. Algert Global LLC grew its holdings in Five Below by 364.2% during the 3rd quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer’s stock valued at $2,282,000 after buying an additional 20,266 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Five Below in the 3rd quarter worth approximately $3,282,000.

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.