Evercore ISI Cuts Five Below (NASDAQ:FIVE) Price Target to $90.00

Five Below (NASDAQ:FIVE) had its price target lowered by Evercore ISI from $93.00 to $90.00 in a research note released on Tuesday,Benzinga reports. Evercore ISI currently has an in-line rating on the specialty retailer’s stock.

FIVE has been the subject of a number of other research reports. William Blair reaffirmed a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Telsey Advisory Group decreased their target price on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 18th. StockNews.com raised shares of Five Below from a “sell” rating to a “hold” rating in a research report on Monday, March 24th. Morgan Stanley reiterated an “equal weight” rating on shares of Five Below in a research report on Thursday, March 20th. Finally, UBS Group lowered their target price on shares of Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.42.

Five Below Price Performance

NASDAQ FIVE opened at $58.83 on Tuesday. The stock’s fifty day moving average price is $84.46 and its 200 day moving average price is $92.00. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.19 and a beta of 1.11. Five Below has a 1 year low of $56.90 and a 1 year high of $166.56.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.65 earnings per share. Research analysts expect that Five Below will post 4.93 earnings per share for the current year.

Insider Activity

In related news, CAO Eric M. Specter sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of Five Below stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Institutional investors and hedge funds have recently made changes to their positions in the business. Steadfast Capital Management LP acquired a new position in Five Below in the 4th quarter valued at $123,601,000. Marshall Wace LLP increased its stake in shares of Five Below by 86.0% during the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after purchasing an additional 1,072,642 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Five Below during the third quarter worth $64,981,000. Norges Bank purchased a new stake in Five Below during the 4th quarter worth about $66,933,000. Finally, Alliancebernstein L.P. raised its position in shares of Five Below by 487.0% in the fourth quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer’s stock valued at $59,480,000 after buying an additional 470,150 shares during the last quarter.

Five Below Company Profile

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.