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

Five Below (NASDAQ:FIVE) had its target price cut by equities research analysts at Truist Financial from $93.00 to $86.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. Truist Financial’s price objective suggests a potential upside of 13.77% from the company’s previous close.

Other research analysts also recently issued reports about the company. William Blair restated a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Loop Capital cut their price target on Five Below from $120.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday. Mizuho increased their price objective on Five Below from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Guggenheim boosted their target price on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Citigroup upped their target price on shares of Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $105.16.

Five Below Stock Performance

Five Below stock opened at $75.59 on Thursday. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $209.79. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11. The stock’s fifty day moving average is $88.76 and its two-hundred day moving average is $92.63.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.65 EPS. As a group, sell-side analysts forecast that Five Below will post 4.93 EPS for the current fiscal year.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Below

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in Five Below in the third quarter valued at about $30,000. Proficio Capital Partners LLC purchased a new stake in shares of Five Below in the fourth quarter worth about $31,000. UMB Bank n.a. grew its stake in shares of Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 204 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Five Below during the 3rd quarter valued at about $42,000. Finally, Coppell Advisory Solutions LLC lifted its position in Five Below by 143.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 253 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.