Five Below (FIVE) Lowered to Equal Weight at Barclays

Five Below (NASDAQ:FIVE) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Monday, May 6th, MarketBeat.com reports. They presently have a $140.00 price objective on the specialty retailer’s stock, up from their previous price objective of $128.00. Barclays‘s price objective points to a potential upside of 8.26% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently weighed in on the company. BidaskClub raised Five Below from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Morgan Stanley upped their price target on Five Below from $128.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. ValuEngine raised Five Below from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. Bank of America started coverage on Five Below in a research report on Monday, April 15th. They set a “buy” rating and a $150.00 price target for the company. Finally, JPMorgan Chase & Co. downgraded Five Below from an “overweight” rating to a “neutral” rating and set a $128.30 price target for the company. in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $131.47.

Shares of FIVE stock traded up $3.52 on Monday, reaching $129.32. The company had a trading volume of 1,291,316 shares, compared to its average volume of 1,016,763. Five Below has a 12 month low of $69.96 and a 12 month high of $148.21. The stock has a market cap of $7.12 billion, a PE ratio of 50.25, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67.

Five Below (NASDAQ:FIVE) last posted its earnings results on Wednesday, March 27th. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. Five Below had a return on equity of 27.10% and a net margin of 9.60%. The business had revenue of $602.68 million during the quarter, compared to analysts’ expectations of $601.53 million. During the same period in the prior year, the business earned $1.21 EPS. Five Below’s revenue for the quarter was up 19.4% compared to the same quarter last year. Analysts anticipate that Five Below will post 3.06 EPS for the current year.

In other Five Below news, CAO Eric M. Specter sold 15,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $133.60, for a total transaction of $2,004,000.00. Following the completion of the sale, the chief accounting officer now owns 35,108 shares of the company’s stock, valued at approximately $4,690,428.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joel D. Anderson sold 30,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $131.06, for a total value of $3,931,800.00. Following the sale, the chief executive officer now directly owns 192,174 shares of the company’s stock, valued at approximately $25,186,324.44. The disclosure for this sale can be found here. In the last three months, insiders sold 55,381 shares of company stock valued at $7,344,004. 2.50% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in FIVE. JPMorgan Chase & Co. increased its position in Five Below by 103.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,075 shares of the specialty retailer’s stock worth $24,981,000 after buying an additional 97,861 shares during the period. Advisors Asset Management Inc. increased its position in Five Below by 1,206.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 954 shares of the specialty retailer’s stock worth $124,000 after buying an additional 881 shares during the period. Teachers Advisors LLC increased its position in Five Below by 0.9% during the 3rd quarter. Teachers Advisors LLC now owns 350,888 shares of the specialty retailer’s stock worth $45,636,000 after buying an additional 2,975 shares during the period. Morgan Stanley increased its position in Five Below by 42.6% during the 3rd quarter. Morgan Stanley now owns 388,593 shares of the specialty retailer’s stock worth $50,541,000 after buying an additional 116,125 shares during the period. Finally, Federated Investors Inc. PA increased its position in Five Below by 254.2% during the 3rd quarter. Federated Investors Inc. PA now owns 166,757 shares of the specialty retailer’s stock worth $21,688,000 after buying an additional 119,674 shares during the period. 95.85% of the stock is owned by institutional investors and hedge funds.

Five Below Company Profile

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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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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