Five Below (NASDAQ:FIVE) Price Target Cut to $86.00 by Analysts at Truist Financial

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

Several other analysts have also recently commented on the stock. Mizuho boosted their price target on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Craig Hallum boosted their price target on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Guggenheim boosted their price target on shares of Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays boosted their price target on shares of Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Citigroup boosted their price target on shares of Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $104.00.

Five Below Stock Performance

FIVE opened at $76.11 on Thursday. Five Below has a fifty-two week low of $64.87 and a fifty-two week high of $187.83. The firm’s fifty day moving average is $88.30 and its 200 day moving average is $92.51. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. Five Below had a net margin of 7.02% and a return on equity of 18.03%. 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 previous year, the company earned $3.65 EPS. Five Below’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Five Below will post 4.93 earnings per share for the current year.

Insiders Place Their Bets

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total value of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC grew its stake in Five Below by 0.7% in the 4th quarter. Gradient Investments LLC now owns 15,875 shares of the specialty retailer’s stock worth $1,666,000 after acquiring an additional 111 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Five Below by 1.0% in 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 during the period. Treasurer of the State of North Carolina lifted its position in shares of Five Below by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer’s stock worth $2,509,000 after purchasing an additional 150 shares during the period. Sterling Capital Management LLC lifted its position in shares of Five Below by 13.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 158 shares during the period. Finally, Cornerstone Investment Partners LLC lifted its position in shares of Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer’s stock worth $497,000 after purchasing an additional 162 shares during the period.

About Five Below

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.