Telsey Advisory Group Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its target price reduced by stock analysts at Telsey Advisory Group from $115.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the specialty retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 14.29% from the stock’s previous close.

FIVE has been the subject of a number of other research reports. Truist Financial lifted their price objective on Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Loop Capital increased their price objective on shares of Five Below from $90.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Morgan Stanley lifted their target price on shares of Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. The Goldman Sachs Group upped their target price on Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Barclays raised their price target on shares of Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Five Below has an average rating of “Hold” and a consensus target price of $109.74.

Five Below Trading Up 1.9 %

Five Below stock opened at $74.37 on Tuesday. The stock has a market cap of $4.09 billion, a PE ratio of 15.33, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below has a 52 week low of $64.87 and a 52 week high of $209.79. The stock has a 50-day moving average price of $89.81 and a 200 day moving average price of $92.76.

Insider Buying and Selling

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 transaction of $498,635.44. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Trading of Five Below

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Five Below by 70.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,201 shares of the specialty retailer’s stock valued at $756,000 after purchasing an additional 2,965 shares during the period. Ascent Group LLC raised its stake in Five Below by 6.9% during the 4th quarter. Ascent Group LLC now owns 27,227 shares of the specialty retailer’s stock valued at $2,858,000 after acquiring an additional 1,769 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Five Below during the fourth quarter valued at $1,452,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Five Below by 15.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,893 shares of the specialty retailer’s stock valued at $17,097,000 after acquiring an additional 21,867 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in Five Below by 1,345.5% during the fourth quarter. Voloridge Investment Management LLC now owns 109,670 shares of the specialty retailer’s stock worth $11,511,000 after purchasing an additional 102,083 shares in 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.