Goldman Sachs Lowers Five Below Stock Price Expectation

The Goldman Sachs Group has decreased its price target for Five Below, Inc. (NASDAQ:FIVE) from $117.00 to $102.00. This information was released in a research report on Friday. Despite the reduction in the target price, Goldman Sachs has maintained a "buy" rating on Five Below stock. At the new target price, there is a projected upside of approximately 36.92% from the stock's current trading price.

Other Analyst Reports on Five Below

Five Below has recently been evaluated by other equity research firms. For instance, UBS Group has reduced its target price for the retailer from $150.00 to $110.00 while also providing a "buy" rating. Additionally, JPMorgan Chase & Co. lowered their target from $107.00 to $102.00, tagging the stock with an "underweight" rating. Guggenheim also revised their price target down from $140.00 to $125.00 but maintained a "buy" rating. Conversely, Bank of America set a lower price objective of $75.00, indicating an "underperform" rating. Overall, there has been a mix of ratings, with three analysts advising sell ratings, twelve advising hold ratings, and six recommending buy ratings. Current consensus suggests a "Hold" rating with an average price target of $102.16 according to MarketBeat.

Five Below Shares Performance

On Friday, Five Below shares declined by 2.1%, trading at $74.50. The stock’s trading volume was relatively low, with 337,763 shares traded compared to its average of 1,762,365. Over the past year, the stock reached a low of $64.87 and a high of $187.83. Its 50-day simple moving average stands at $88.30, while the 200-day moving average is at $92.51. The company's market capitalization is $4.10 billion, with a PE ratio of 15.40 and a beta of 1.11.

Recent Earnings Results

The latest earnings report from Five Below was announced on March 19, where the company reported earnings per share (EPS) of $3.48, surpassing analyst expectations that predicted $3.38. Revenue for the quarter totaled $1.39 billion, slightly above the anticipated $1.38 billion. The company achieved a return on equity of 18.03% and a net margin of 7.02%, with a quarterly revenue increase of 4.0% compared to the same period last year. Analysts predict that Five Below will post an EPS of 4.93 for the current fiscal year.

Insider Trading Activity

In news regarding insider buying and selling, CAO Eric M. Specter sold 5,494 shares of Five Below on January 16, valued at approximately $498,635.34. Following this transaction, he retained 57,267 shares in the company, worth about $5,197,552.92, indicating an 8.75% decrease in his holdings.

Institutional Investor Interest

Institutional investors have also been active with Five Below's shares. Brooklyn Investment Group acquired a new stake valued at around $30,000, while Proficio Capital Partners LLC purchased a stake worth about $31,000 during the fourth quarter. UMB Bank n.a. increased its stake by 156.9% and now holds 334 shares valued at $35,000. Other notable investors include Wilmington Savings Fund Society FSB and Coppell Advisory Solutions LLC, which have also added to their holdings recently.

About Five Below, Inc.

Five Below is a specialty value retailer in the United States, offering a variety of products at affordable prices. Their inventory includes a wide range of accessories, personal care items, home decor, and storage solutions, catering primarily to a younger demographic and budget-conscious shoppers.

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