Five Below Inc. (NASDAQ:FIVE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “Five Below, Inc. is a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The Company offers products all priced at $5 and below, including select brands and licensed merchandise across a range of categories, which it refers to as worlds: Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal. It offers a wide variety of merchandise that includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room d├ęcor and storage, stationery and school supplies, video game accessories, books, DVDs, iPhone accessories, novelty and seasonal items. Five Below, Inc. is headquartered in Philadelphia, Pennsylvania. “

Several other research analysts also recently issued reports on the company. Longbow Research assumed coverage on Five Below in a research note on Wednesday, October 26th. They set a “buy” rating and a $45.00 price target for the company. KeyCorp initiated coverage on shares of Five Below in a research note on Wednesday, October 12th. They issued an “overweight” rating and a $47.00 target price for the company. Citigroup Inc. initiated coverage on shares of Five Below in a research note on Tuesday, October 11th. They issued a “buy” rating and a $50.00 target price for the company. Barclays PLC initiated coverage on shares of Five Below in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $42.00 target price for the company. Finally, MKM Partners reissued a “buy” rating and issued a $60.00 target price on shares of Five Below in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $47.81.

Analyst Recommendations for Five Below (NASDAQ:FIVE)

Five Below (NASDAQ:FIVE) opened at 39.89 on Monday. Five Below has a 1-year low of $26.97 and a 1-year high of $52.70. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 35.02 and a beta of 1.02. The stock has a 50 day moving average of $38.51 and a 200 day moving average of $43.24.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The business earned $220.13 million during the quarter, compared to the consensus estimate of $219.60 million. Five Below had a return on equity of 26.01% and a net margin of 6.93%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. Equities analysts expect that Five Below will post $1.31 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in FIVE. Riverhead Capital Management LLC bought a new position in Five Below during the first quarter worth $291,000. Geode Capital Management LLC boosted its position in Five Below by 4.8% in the first quarter. Geode Capital Management LLC now owns 366,210 shares of the company’s stock worth $15,138,000 after buying an additional 16,800 shares in the last quarter. Barclays PLC boosted its position in Five Below by 121.7% in the first quarter. Barclays PLC now owns 31,751 shares of the company’s stock worth $1,301,000 after buying an additional 17,428 shares in the last quarter. Logan Capital Management Inc. boosted its position in Five Below by 15.0% in the first quarter. Logan Capital Management Inc. now owns 19,902 shares of the company’s stock worth $823,000 after buying an additional 2,600 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Five Below by 19.6% in the second quarter. BNP Paribas Arbitrage SA now owns 61,723 shares of the company’s stock worth $2,865,000 after buying an additional 10,127 shares in the last quarter.

About Five Below

Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company’s product groups include leisure, fashion and home, and party and snack.

5 Day Chart for NASDAQ:FIVE

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