Five Below (NASDAQ:FIVE) Price Target Raised to $88.00 at Truist Financial

Five Below (NASDAQ:FIVE) had its target price increased by investment analysts at Truist Financial from $87.00 to $88.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Truist Financial’s price objective would indicate a potential upside of 2.54% from the company’s current price.

Several other research firms have also recently weighed in on FIVE. Telsey Advisory Group cut their price objective on Five Below from $120.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 price target (down from $155.00) on shares of Five Below in a research note on Thursday, July 18th. KeyCorp lowered Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Craig Hallum boosted their price target on Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group lowered their price target on Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $110.40.

Five Below Price Performance

Shares of NASDAQ FIVE traded up $1.40 during trading hours on Thursday, hitting $85.82. 33,123 shares of the company’s stock were exchanged, compared to its average volume of 1,437,164. Five Below has a 1-year low of $64.87 and a 1-year high of $216.18. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.05 and a beta of 1.20. The company’s 50-day moving average price is $90.22 and its 200-day moving average price is $102.27.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business had revenue of $830.07 million during the quarter, compared to analysts’ expectations of $821.95 million. On average, research analysts expect that Five Below will post 4.55 earnings per share for the current year.

Institutional Investors Weigh In On Five Below

A number of large investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in Five Below by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 30,164 shares of the specialty retailer’s stock worth $5,473,000 after acquiring an additional 115 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Five Below by 12.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,375 shares of the specialty retailer’s stock worth $150,000 after buying an additional 147 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Five Below by 9.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,122 shares of the specialty retailer’s stock worth $231,000 after buying an additional 180 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Five Below by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 48,304 shares of the specialty retailer’s stock worth $8,761,000 after buying an additional 200 shares in the last quarter. Finally, Peloton Wealth Strategists lifted its holdings in Five Below by 3.0% during the 2nd quarter. Peloton Wealth Strategists now owns 6,820 shares of the specialty retailer’s stock worth $743,000 after buying an additional 200 shares in the last quarter.

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.