Five Below (NASDAQ:FIVE) Shares Down 6.9% – Here’s Why

Five Below, Inc. (NASDAQ:FIVE) was down 6.9% on Monday . The stock traded as low as $207.28 and last traded at $207.71. Approximately 522,635 shares traded hands during trading, a decline of 53% from the average daily volume of 1,101,536 shares. The stock had previously closed at $223.13.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FIVE shares. Morgan Stanley lifted their price objective on shares of Five Below from $190.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Mizuho boosted their price target on shares of Five Below from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Telsey Advisory Group boosted their price target on shares of Five Below from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. boosted their price target on shares of Five Below from $259.00 to $296.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, Truist Financial boosted their price target on shares of Five Below from $236.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Five Below presently has a consensus rating of “Moderate Buy” and an average price target of $240.10.

Five Below Price Performance

The stock has a market capitalization of $11.51 billion, a P/E ratio of 32.22, a PEG ratio of 1.68 and a beta of 1.00. The stock’s fifty day moving average is $226.52 and its 200-day moving average is $196.58.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.31. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Five Below had a net margin of 7.53% and a return on equity of 18.70%. Five Below’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.48 earnings per share. On average, research analysts expect that Five Below, Inc. will post 8.14 EPS for the current year.

Insiders Place Their Bets

In other Five Below news, Director Ronald Sargent sold 10,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $231.28, for a total transaction of $2,312,800.00. Following the completion of the sale, the director directly owned 83,674 shares in the company, valued at $19,352,122.72. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kenneth R. Bull sold 10,000 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $234.14, for a total transaction of $2,341,400.00. Following the sale, the chief operating officer owned 92,531 shares of the company’s stock, valued at $21,665,208.34. This trade represents a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in Five Below by 5.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,058 shares of the specialty retailer’s stock valued at $1,613,000 after acquiring an additional 364 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in Five Below during the first quarter valued at about $1,165,000. Earned Wealth Advisors LLC boosted its holdings in Five Below by 29.1% during the first quarter. Earned Wealth Advisors LLC now owns 1,642 shares of the specialty retailer’s stock valued at $375,000 after acquiring an additional 370 shares during the period. Meeder Asset Management Inc. boosted its holdings in Five Below by 12,250.0% during the first quarter. Meeder Asset Management Inc. now owns 2,470 shares of the specialty retailer’s stock valued at $564,000 after acquiring an additional 2,450 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Five Below by 27.3% during the first quarter. Parallel Advisors LLC now owns 812 shares of the specialty retailer’s stock valued at $186,000 after acquiring an additional 174 shares during the period.

About Five Below

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.