Five Below (NASDAQ:FIVE) Given New $118.00 Price Target at Truist Financial

Five Below (NASDAQ:FIVE) had its price target boosted by stock analysts at Truist Financial from $88.00 to $118.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Truist Financial’s price objective would indicate a potential upside of 1.39% from the company’s current price.

A number of other research analysts have also recently weighed in on FIVE. William Blair restated a “market perform” rating on shares of Five Below in a research report on Monday. Barclays boosted their price target on Five Below from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday. Guggenheim raised their price objective on Five Below from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. Craig Hallum upped their target price 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 decreased 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 equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.35.

Five Below Trading Up 10.9 %

Shares of Five Below stock traded up $11.41 on Thursday, hitting $116.38. The stock had a trading volume of 3,884,893 shares, compared to its average volume of 1,503,281. The company’s 50 day moving average price is $90.97 and its 200 day moving average price is $94.63. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 1.14 and a beta of 1.18. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. The firm had revenue of $843.71 million for the quarter, compared to analyst estimates of $801.48 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. Five Below’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. Analysts predict that Five Below will post 4.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

Several large investors have recently bought and sold shares of the business. State Street Corp grew its holdings in Five Below by 1.9% during the third quarter. State Street Corp now owns 1,662,313 shares of the specialty retailer’s stock valued at $146,865,000 after purchasing an additional 31,520 shares during the period. Riverbridge Partners LLC raised its holdings in shares of Five Below by 5.5% in the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after purchasing an additional 72,020 shares during the period. Geode Capital Management LLC boosted its stake in shares of Five Below by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 979,489 shares of the specialty retailer’s stock worth $86,559,000 after acquiring an additional 11,504 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Five Below by 556.2% in the second quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after purchasing an additional 769,980 shares during the last quarter. Finally, Atreides Management LP bought a new position in Five Below during the third quarter worth about $68,649,000.

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.