Five Below (NASDAQ:FIVE) Shares Up 2.9%

Five Below, Inc. (NASDAQ:FIVE) was up 2.9% during trading on Friday . The company traded as high as $78.32 and last traded at $78.28. Approximately 201,409 shares were traded during trading, a decline of 85% from the average daily volume of 1,380,629 shares. The stock had previously closed at $76.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FIVE shares. Evercore ISI decreased their price objective on Five Below from $101.00 to $95.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Guggenheim decreased their price objective on Five Below from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Mizuho lowered Five Below from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $150.00 to $85.00 in a research report on Wednesday, July 17th. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a research report on Saturday, June 8th. Finally, William Blair lowered Five Below from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $109.63.

Five Below Stock Performance

The stock has a 50 day moving average of $82.13 and a two-hundred day moving average of $130.85. The firm has a market capitalization of $4.35 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.15 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 7.57% and a return on equity of 18.16%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. Sell-side analysts predict that Five Below, Inc. will post 4.54 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FIVE. Point72 Asset Management L.P. increased its position in Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after buying an additional 769,980 shares during the period. Junto Capital Management LP bought a new position in Five Below in the 4th quarter worth approximately $73,472,000. Norges Bank bought a new position in Five Below in the 4th quarter worth approximately $68,825,000. Marshall Wace LLP increased its position in shares of Five Below by 51.9% during the second quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after purchasing an additional 207,083 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Five Below by 39.0% during the second quarter. Dimensional Fund Advisors LP now owns 596,763 shares of the specialty retailer’s stock valued at $65,034,000 after purchasing an additional 167,330 shares during the period.

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.