Five Below (NASDAQ:FIVE) Hits New 1-Year Low – Here’s Why

Five Below, Inc. (NASDAQ:FIVE) hit a new 52-week low on Thursday . The company traded as low as $59.13 and last traded at $59.83, with a volume of 1629069 shares traded. The stock had previously closed at $81.49.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital cut their price objective on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. UBS Group cut their price target on Five Below from $150.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Bank of America decreased their price objective on shares of Five Below from $88.00 to $75.00 and set an “underperform” rating on the stock in a report on Thursday, March 20th. Truist Financial cut their target price on shares of Five Below from $93.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their price target on shares of Five Below from $117.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Five Below currently has a consensus rating of “Hold” and an average target price of $101.42.

Five Below Stock Performance

The company has a market capitalization of $3.13 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The firm’s fifty day moving average is $83.68 and its 200-day moving average is $91.71.

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

Insider Buying and Selling at Five Below

In other news, 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 approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Eric M. Specter sold 5,494 shares of Five Below stock in a transaction that occurred on 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 in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Five Below by 156.9% during the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock worth $35,000 after buying an additional 204 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in shares of Five Below by 143.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 253 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Five Below in the 3rd quarter valued at about $42,000. EverSource Wealth Advisors LLC lifted its stake in shares of Five Below by 2,936.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 558 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Five Below during the 4th quarter valued at about $68,000.

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.