Truist Securities Begins Coverage on Five Below (NASDAQ:FIVE)

Truist Securities initiated coverage on shares of Five Below (NASDAQ:FIVE) in a research report issued on Thursday, PriceTargets.com reports. The firm set a “buy” rating and a $214.00 price target on the specialty retailer’s stock. Truist Securities’ price objective points to a potential upside of 23.48% from the company’s current price.

A number of other brokerages have also recently issued reports on FIVE. JPMorgan Chase & Co. decreased their price objective on shares of Five Below from $266.00 to $252.00 in a report on Tuesday. Truist Financial assumed coverage on shares of Five Below in a research note on Thursday. They set a “buy” rating and a $214.00 price target on the stock. Telsey Advisory Group increased their target price on shares of Five Below from $230.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, December 2nd. Craig Hallum raised their price objective on shares of Five Below from $232.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, December 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Five Below from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, December 2nd. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $230.29.

Five Below stock opened at $173.31 on Thursday. The company’s fifty day simple moving average is $198.73 and its 200-day simple moving average is $197.14. Five Below has a 12 month low of $165.25 and a 12 month high of $237.86. The stock has a market cap of $9.71 billion, a P/E ratio of 37.19, a P/E/G ratio of 1.06 and a beta of 1.29.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Wednesday, December 1st. The specialty retailer reported $0.43 EPS for the quarter, beating the consensus estimate of $0.29 by $0.14. Five Below had a net margin of 9.69% and a return on equity of 27.29%. The business had revenue of $607.65 million for the quarter, compared to analysts’ expectations of $562.48 million. During the same period in the previous year, the company posted $0.36 EPS. Five Below’s revenue was up 27.5% on a year-over-year basis. On average, research analysts anticipate that Five Below will post 4.94 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in Five Below during the 2nd quarter worth approximately $28,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Five Below by 71.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 185 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Five Below by 105.8% in the 3rd quarter. Advisory Services Network LLC now owns 214 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 110 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Five Below in the 3rd quarter valued at $45,000. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Five Below in the 3rd quarter valued at $46,000. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

Five Below Company Profile

Five Below, Inc engages in the operation of shopping center. It operates through the following segments: Leisure, Fashion and Home, and Party and Snack. The Leisure segment include items such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. The Fashion and Home segment consists personal accessories, “attitude“ t-shirts, beauty offerings, home goods, and storage options.

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Analyst Recommendations for Five Below (NASDAQ:FIVE)

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