Five Below (NASDAQ:FIVE) Price Target Cut to $124.00
Five Below (NASDAQ:FIVE) had its target price reduced by equities research analysts at UBS Group from $132.00 to $124.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. UBS Group’s target price would indicate a potential upside of 5.77% from the company’s previous close.
A number of other brokerages have also recently commented on FIVE. Credit Suisse Group upped their price target on Five Below from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. BidaskClub cut Five Below from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. ValuEngine raised Five Below from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. Barclays cut Five Below from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $128.00 to $140.00 in a research report on Monday, May 6th. They noted that the move was a valuation call. Finally, Morgan Stanley started coverage on Five Below in a research report on Monday, July 1st. They set an “overweight” rating and a $135.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Five Below has a consensus rating of “Buy” and an average target price of $134.44.
Shares of NASDAQ:FIVE opened at $117.24 on Tuesday. The company has a market capitalization of $6.51 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 1.40 and a beta of 0.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.89 and a quick ratio of 1.05. The business has a fifty day moving average price of $118.40 and a two-hundred day moving average price of $125.70. Five Below has a 1 year low of $86.57 and a 1 year high of $148.21.
In related news, CFO Kenneth R. Bull sold 7,103 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total transaction of $924,313.39. Following the sale, the chief financial officer now owns 79,227 shares of the company’s stock, valued at approximately $10,309,809.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Five Below by 96.6% in the 1st quarter. FMR LLC now owns 2,471,352 shares of the specialty retailer’s stock valued at $307,065,000 after acquiring an additional 1,214,030 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Five Below in the 2nd quarter valued at about $176,413,000. Wells Fargo & Company MN raised its holdings in shares of Five Below by 16.1% in the 2nd quarter. Wells Fargo & Company MN now owns 910,199 shares of the specialty retailer’s stock valued at $109,241,000 after acquiring an additional 126,033 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Five Below by 13.8% in the 2nd quarter. Invesco Ltd. now owns 874,474 shares of the specialty retailer’s stock valued at $104,954,000 after acquiring an additional 105,764 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Five Below by 46.6% in the 2nd quarter. Jennison Associates LLC now owns 748,675 shares of the specialty retailer’s stock valued at $89,856,000 after acquiring an additional 238,106 shares in the last quarter. 95.41% of the stock is currently owned by institutional investors and hedge funds.
About Five Below
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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