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

Five Below (NASDAQ:FIVE) had its price objective reduced by stock analysts at Truist Financial from $93.00 to $86.00 in a 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 indicates a potential upside of 12.80% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Bank of America lowered their price target on Five Below from $88.00 to $75.00 and set an “underperform” rating for the company in a report on Thursday. The Goldman Sachs Group upped their price target on shares of Five Below from $106.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Guggenheim lifted their price target on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Citigroup upped their price objective on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Mizuho upped their price target on Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $102.16.

Five Below Stock Performance

Shares of FIVE opened at $76.24 on Thursday. Five Below has a 1 year low of $64.87 and a 1 year high of $185.48. The company’s 50 day simple moving average is $87.76 and its 200 day simple moving average is $92.52. The company 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.

Five Below (NASDAQ:FIVE) last issued its quarterly 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. 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 analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted $3.65 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts expect that Five Below will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Five Below

Hedge funds and other institutional investors have recently bought and sold shares of the company. Steadfast Capital Management LP acquired a new position in shares of Five Below in the 4th quarter worth approximately $123,601,000. Marshall Wace LLP lifted its stake in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after purchasing an additional 1,072,642 shares during the last quarter. Atreides Management LP bought a new position in Five Below during the third quarter worth $68,649,000. Two Sigma Advisers LP acquired a new position in Five Below in the third quarter worth $64,981,000. Finally, Norges Bank bought a new stake in Five Below during the fourth quarter valued at $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.