Five Below (NASDAQ:FIVE) Given New $115.00 Price Target at KeyCorp

Five Below (NASDAQ:FIVE) had its price objective cut by KeyCorp from $165.00 to $115.00 in a report published on Wednesday, Benzinga reports. They currently have an overweight rating on the specialty retailer’s stock.

A number of other brokerages have also recently commented on FIVE. UBS Group lowered their price target on Five Below from $223.00 to $120.00 and set a buy rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered shares of Five Below from an overweight rating to a neutral rating and cut their target price for the stock from $215.00 to $170.00 in a report on Tuesday, April 23rd. Gordon Haskett lowered shares of Five Below from a buy rating to an accumulate rating and decreased their price target for the company from $210.00 to $200.00 in a report on Wednesday, April 3rd. The Goldman Sachs Group dropped their price objective on Five Below from $163.00 to $124.00 and set a buy rating on the stock in a research note on Wednesday. Finally, Loop Capital reduced their target price on Five Below from $190.00 to $120.00 and set a hold rating on the stock in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $115.89.

Five Below Stock Performance

FIVE opened at $77.31 on Wednesday. The company has a fifty day moving average price of $117.38 and a two-hundred day moving average price of $157.72. The firm has a market capitalization of $4.26 billion, a PE ratio of 14.53, a P/E/G ratio of 0.91 and a beta of 1.19. Five Below has a 52 week low of $71.66 and a 52 week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). The company had revenue of $811.86 million during the quarter, compared to the consensus estimate of $834.29 million. Five Below had a return on equity of 19.82% and a net margin of 8.10%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. Equities analysts forecast that Five Below will post 5.08 EPS for the current year.

Institutional Trading of Five Below

Institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Five Below in the fourth quarter valued at $26,000. Rise Advisors LLC bought a new position in shares of Five Below in the 1st quarter valued at about $28,000. Planned Solutions Inc. acquired a new stake in shares of Five Below in the fourth quarter valued at about $34,000. Partnership Wealth Management LLC raised its holdings in Five Below by 2,000.0% during the second quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 300 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in Five Below during the fourth quarter valued at approximately $36,000.

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.