Five Below (NASDAQ:FIVE) Shares Down 7.9% – Here’s What Happened

Five Below, Inc. (NASDAQ:FIVE) fell 7.9% during mid-day trading on Friday . The company traded as low as $73.05 and last traded at $73.12. 880,880 shares changed hands during trading, a decline of 51% from the average session volume of 1,780,609 shares. The stock had previously closed at $79.36.

Analyst Upgrades and Downgrades

FIVE has been the topic of several analyst reports. Barclays lowered their target price on shares of Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. StockNews.com upgraded shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday. William Blair reissued a “market perform” rating on shares of Five Below in a report on Monday, December 2nd. Morgan Stanley reaffirmed an “equal weight” rating on shares of Five Below in a report on Thursday, March 20th. Finally, Craig Hallum boosted their price objective on Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Down 7.8 %

The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The company’s fifty day moving average is $86.40 and its two-hundred day moving average is $92.57.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $3.65 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Five Below, Inc. will post 4.93 EPS for the current year.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total value of $498,635.44. Following the completion of the transaction, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $987,830.32. This trade represents 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 Trading of Five Below

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Five Below by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock valued at $529,792,000 after buying an additional 43,537 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Five Below by 3.7% during the fourth quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after acquiring an additional 86,271 shares during the period. Marshall Wace LLP lifted its position in Five Below by 86.0% in the 4th quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after acquiring an additional 1,072,642 shares in the last quarter. State Street Corp boosted its stake in Five Below by 1.9% in the 3rd quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock worth $146,865,000 after purchasing an additional 31,520 shares during the period. Finally, Steadfast Capital Management LP bought a new position in Five Below during the 4th quarter worth about $123,601,000.

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.