Truist Financial Cuts Five Below (NASDAQ:FIVE) Price Target to $86.00

Five Below (NASDAQ:FIVE) had its price objective reduced by Truist Financial from $93.00 to $86.00 in a research note published on Thursday,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other research firms have also weighed in on FIVE. Guggenheim boosted their target price on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Telsey Advisory Group cut their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research report on Tuesday, March 18th. Mizuho upped their target price on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Citigroup upped their target price on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. Finally, William Blair reiterated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Stock Performance

NASDAQ FIVE opened at $76.24 on Thursday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.19 and a beta of 1.11. The stock’s 50 day moving average price is $87.76 and its two-hundred day moving average price is $92.63. Five Below has a 52 week low of $64.87 and a 52 week high of $185.48.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $3.65 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Five Below will post 4.93 EPS for the current year.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Several institutional investors and hedge funds have recently made changes to their positions in FIVE. Steadfast Capital Management LP acquired a new stake in shares of Five Below in the fourth quarter valued at about $123,601,000. Marshall Wace LLP grew its stake in Five Below by 86.0% in the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock valued at $243,529,000 after acquiring an additional 1,072,642 shares during the period. Atreides Management LP acquired a new stake in Five Below in the third quarter valued at approximately $68,649,000. Two Sigma Advisers LP acquired a new stake in Five Below in the third quarter valued at approximately $64,981,000. Finally, Norges Bank acquired a new stake in Five Below in the fourth quarter valued at approximately $66,933,000.

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.