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

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

Analysts Set New Price Targets

FIVE has been the subject of a number of analyst reports. William Blair reiterated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Barclays cut their target price on Five Below from $100.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. UBS Group reduced their target price on Five Below from $150.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group dropped their price target on Five Below from $117.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company increased 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. Two 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Down 7.8 %

The company has a 50 day moving average price of $86.05 and a 200-day moving average price of $92.56. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.19 and a beta of 1.11.

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

Insider Buying and Selling

In other news, CAO Eric M. Specter sold 5,494 shares of the firm’s 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 completion of the sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. This trade represents a 8.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ronald James Masciantonio sold 584 shares of the business’s 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 transaction, the executive vice president now owns 12,658 shares in the company, valued at $987,830.32. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Below

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Five Below by 41.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer’s stock valued at $54,272,000 after buying an additional 180,902 shares in the last quarter. Quantbot Technologies LP grew its stake in Five Below by 16.0% in the third quarter. Quantbot Technologies LP now owns 16,772 shares of the specialty retailer’s stock valued at $1,482,000 after acquiring an additional 2,312 shares during the period. Brooklyn Investment Group acquired a new position in shares of Five Below during the third quarter worth approximately $30,000. BNP Paribas Financial Markets lifted its holdings in shares of Five Below by 1,094.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 366,146 shares of the specialty retailer’s stock worth $32,349,000 after purchasing an additional 335,493 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Five Below by 17.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,667 shares of the specialty retailer’s stock worth $1,207,000 after purchasing an additional 1,981 shares in 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.