Truist Financial Forecasts Strong Price Appreciation for Five Below (NASDAQ:FIVE) Stock

Five Below (NASDAQ:FIVE) had its price objective lifted by Truist Financial from $87.00 to $88.00 in a report released on Thursday morning,Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

A number of other analysts also recently weighed in on FIVE. Wells Fargo & Company reduced their target price on shares of Five Below from $145.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Mizuho reiterated a “neutral” rating and issued a $85.00 price target on shares of Five Below in a research note on Thursday, October 3rd. Gordon Haskett cut shares of Five Below from an “accumulate” rating to a “hold” rating in a research note on Wednesday, July 24th. Craig Hallum upped their price target on shares of Five Below from $102.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, KeyCorp cut shares of Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $106.40.

Five Below Price Performance

Five Below stock traded down $6.00 during mid-day trading on Thursday, reaching $85.52. 1,143,197 shares of the company traded hands, compared to its average volume of 1,452,326. The firm’s 50 day moving average price is $90.49 and its 200 day moving average price is $102.20. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.05 and a beta of 1.20. Five Below has a 52-week low of $64.87 and a 52-week high of $216.18.

Five Below (NASDAQ:FIVE) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Five Below had a net margin of 7.57% and a return on equity of 18.16%. On average, sell-side analysts anticipate that Five Below will post 4.55 EPS for the current year.

Institutional Investors Weigh In On Five Below

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Five Below by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after buying an additional 38,419 shares in the last quarter. Capital World Investors grew its holdings in Five Below by 2.5% during the 1st quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock valued at $435,931,000 after buying an additional 58,883 shares in the last quarter. Riverbridge Partners LLC grew its holdings in Five Below by 5.5% during the 2nd quarter. Riverbridge Partners LLC now owns 1,377,908 shares of the specialty retailer’s stock valued at $150,151,000 after buying an additional 72,020 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Five Below by 556.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock valued at $98,991,000 after buying an additional 769,980 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Five Below by 51.9% during the 2nd quarter. Marshall Wace LLP now owns 605,703 shares of the specialty retailer’s stock valued at $66,003,000 after buying an additional 207,083 shares in the last quarter.

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.