Truist Financial Has Lowered Expectations for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price objective reduced by equities research analysts at Truist Financial from $86.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Truist Financial’s target price would indicate a potential upside of 6.00% from the company’s current price.

Several other brokerages have also issued reports on FIVE. Guggenheim decreased their price objective on Five Below from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Evercore ISI reduced their price target on shares of Five Below from $93.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. Telsey Advisory Group lowered their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a report on Tuesday, March 18th. Loop Capital reduced their price target on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. Finally, StockNews.com upgraded Five Below from a “sell” rating to a “hold” rating in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Five Below presently has a consensus rating of “Hold” and an average target price of $97.95.

Five Below Trading Up 0.7 %

FIVE stock traded up $0.44 during trading on Tuesday, hitting $61.32. The company had a trading volume of 543,680 shares, compared to its average volume of 1,869,916. The company has a fifty day moving average price of $82.97 and a two-hundred day moving average price of $91.32. Five Below has a fifty-two week low of $52.38 and a fifty-two week high of $164.05. The company has a market cap of $3.38 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.19 and a beta of 1.01.

Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.10. The company 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 was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.65 earnings per share. On average, analysts expect that Five Below will post 4.93 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Eric M. Specter sold 5,494 shares of the business’s 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 transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at $5,197,552.92. The trade was a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald James Masciantonio sold 584 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in shares of Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock valued at $1,666,000 after purchasing an additional 111 shares during the last quarter. Bank of Montreal Can increased its position in Five Below by 1.0% during the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer’s stock worth $1,278,000 after purchasing an additional 123 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in Five Below by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock valued at $2,509,000 after buying an additional 150 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Five Below by 13.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock worth $143,000 after buying an additional 158 shares during the last quarter. Finally, Cornerstone Investment Partners LLC increased its holdings in shares of Five Below by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after buying an additional 162 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.