KeyCorp Trims Five Below (NASDAQ:FIVE) Target Price to $106.00

Five Below (NASDAQ:FIVE) had its price target lowered by equities researchers at KeyCorp from $115.00 to $106.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. KeyCorp’s price target points to a potential upside of 37.84% from the stock’s current price.

Several other analysts have also weighed in on the company. William Blair lowered Five Below from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Mizuho lowered shares of Five Below from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $150.00 to $85.00 in a research report on Wednesday, July 17th. Evercore ISI decreased their price objective on shares of Five Below from $101.00 to $95.00 and set an “in-line” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $79.00 target price (down from $155.00) on shares of Five Below in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group decreased their price target on Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.63.

Five Below Stock Performance

Shares of NASDAQ:FIVE traded down $2.04 during midday trading on Thursday, hitting $76.90. 2,415,103 shares of the company’s stock traded hands, compared to its average volume of 1,364,349. The firm’s fifty day moving average price is $86.51 and its two-hundred day moving average price is $135.14. The company has a market cap of $4.23 billion, a PE ratio of 14.45, a P/E/G ratio of 0.87 and a beta of 1.19. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The company had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. As a group, equities research analysts anticipate that Five Below will post 4.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in Five Below during the fourth quarter worth $3,726,000. Atria Wealth Solutions Inc. boosted its holdings in Five Below by 64.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,922 shares of the specialty retailer’s stock valued at $623,000 after purchasing an additional 1,143 shares during the period. Truist Financial Corp boosted its stake in Five Below by 3.1% during the fourth quarter. Truist Financial Corp now owns 30,855 shares of the specialty retailer’s stock valued at $6,577,000 after buying an additional 914 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Five Below by 34.5% during the fourth quarter. Russell Investments Group Ltd. now owns 66,821 shares of the specialty retailer’s stock worth $14,244,000 after purchasing an additional 17,125 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Five Below by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 26,250 shares of the specialty retailer’s stock worth $5,595,000 after purchasing an additional 1,614 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.