Loop Capital Lowers Five Below (NASDAQ:FIVE) Price Target to $75.00

Five Below (NASDAQ:FIVE) had its target price lowered by equities research analysts at Loop Capital from $120.00 to $75.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s price target indicates a potential upside of 1.18% from the company’s current price.

A number of other research analysts also recently commented on FIVE. Craig Hallum increased their price target on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Truist Financial raised their price objective on shares of Five Below from $88.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Telsey Advisory Group decreased their price objective on shares of Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised their price objective on shares of Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $107.37.

Five Below Trading Down 0.3 %

Shares of NASDAQ:FIVE traded down $0.25 during trading on Tuesday, reaching $74.13. The company’s stock had a trading volume of 264,576 shares, compared to its average volume of 1,717,474. Five Below has a 12 month low of $64.87 and a 12 month high of $209.79. The firm’s 50 day simple moving average is $89.81 and its two-hundred day simple moving average is $92.76. The stock has a market capitalization of $4.08 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

Insider Activity at Five Below

In related news, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Five Below

Several institutional investors have recently bought and sold shares of FIVE. KBC Group NV increased its holdings in Five Below by 23.7% during the third quarter. KBC Group NV now owns 1,630 shares of the specialty retailer’s stock valued at $144,000 after buying an additional 312 shares during the period. Baron Wealth Management LLC increased its holdings in Five Below by 6.1% during the third quarter. Baron Wealth Management LLC now owns 9,986 shares of the specialty retailer’s stock valued at $882,000 after buying an additional 575 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Five Below during the third quarter valued at approximately $1,765,000. JW Asset Management LLC purchased a new position in Five Below during the third quarter valued at approximately $442,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Five Below by 41.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock worth $54,272,000 after purchasing an additional 180,902 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.