Five Below (NASDAQ:FIVE) Shares Down 4.5%

Five Below, Inc. (NASDAQ:FIVE)’s share price was down 4.5% on Tuesday . The stock traded as low as $75.20 and last traded at $75.30. Approximately 949,031 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 1,262,834 shares. The stock had previously closed at $78.87.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. William Blair downgraded Five Below from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Wells Fargo & Company decreased their price target on Five Below from $145.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. The Goldman Sachs Group cut 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, July 17th. Evercore ISI cut Five Below from an “outperform” rating to an “inline” rating and reduced their target price for the company from $160.00 to $113.00 in a report on Wednesday, July 17th. Finally, StockNews.com lowered shares of Five Below from a “hold” rating to a “sell” rating in a report on Saturday, June 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Five Below presently has an average rating of “Hold” and an average target price of $115.89.

Five Below Trading Down 1.7 %

The business has a 50-day moving average of $112.09 and a 200 day moving average of $154.47. The firm has a market capitalization of $3.95 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 0.94 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). Five Below had a net margin of 8.10% and a return on equity of 19.82%. The firm had revenue of $811.86 million during the quarter, compared to analyst estimates of $834.29 million. During the same period last year, the business posted $0.67 EPS. The company’s revenue was up 11.8% on a year-over-year basis. As a group, research analysts forecast that Five Below, Inc. will post 4.89 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Junto Capital Management LP bought a new stake in shares of Five Below during the fourth quarter worth about $73,472,000. Norges Bank acquired a new position in Five Below during the 4th quarter valued at about $68,825,000. Jennison Associates LLC bought a new stake in Five Below during the 1st quarter worth approximately $25,114,000. Riverbridge Partners LLC raised its stake in shares of Five Below by 5.5% in the second quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock worth $150,151,000 after purchasing an additional 72,020 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of Five Below by 2.5% in the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after purchasing an additional 58,883 shares during 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.