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

Five Below (NASDAQ:FIVE) had its target price lifted by Truist Financial from $88.00 to $118.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a hold rating on the specialty retailer’s stock.

Other research analysts also recently issued research reports about the stock. KeyCorp downgraded shares of Five Below from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group dropped their target price on shares of Five Below from $124.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company increased their price target on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays lifted their price objective on Five Below from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, UBS Group cut their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $116.15.

Five Below Stock Down 2.8 %

NASDAQ FIVE opened at $112.73 on Thursday. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.16 and a beta of 1.18. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The stock has a fifty day simple moving average of $91.79 and a 200 day simple moving average of $94.37.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.26. The company had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. Five Below had a return on equity of 18.10% and a net margin of 7.02%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Research analysts expect that Five Below will post 4.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Atreides Management LP bought a new stake in Five Below during the third quarter worth $68,649,000. Point72 Asset Management L.P. grew its stake in shares of Five Below by 556.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 908,425 shares of the specialty retailer’s stock worth $98,991,000 after acquiring an additional 769,980 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Five Below in the third quarter valued at about $64,981,000. Holocene Advisors LP bought a new position in shares of Five Below during the third quarter valued at about $38,829,000. Finally, Wellington Management Group LLP boosted its holdings in Five Below by 1,042.4% during the third quarter. Wellington Management Group LLP now owns 391,004 shares of the specialty retailer’s stock worth $34,545,000 after purchasing an additional 356,776 shares during 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.