Five Below (NASDAQ:FIVE) Stock Price Expected to Rise, Truist Financial Analyst Says

Five Below (NASDAQ:FIVE) had its target price hoisted by Truist Financial from $88.00 to $118.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the specialty retailer’s stock. Truist Financial’s target price would suggest a potential upside of 4.67% from the stock’s current price.

FIVE has been the topic of a number of other reports. 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 research note on Thursday, August 29th. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Thursday, November 7th. William Blair reissued a “market perform” rating on shares of Five Below in a research report on Monday, December 2nd. Bank of America cut Five Below from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $98.00 to $75.00 in a research report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price objective on Five Below from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $116.15.

Five Below Stock Down 2.8 %

Shares of NASDAQ FIVE opened at $112.73 on Thursday. The company has a market capitalization of $6.20 billion, a PE ratio of 22.19, a PEG ratio of 1.14 and a beta of 1.18. The stock’s 50 day moving average price is $91.79 and its 200-day moving average price is $94.63. Five Below has a twelve month low of $64.87 and a twelve month 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, topping the consensus estimate of $0.16 by $0.26. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The business had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. As a group, research analysts expect that Five Below will post 4.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Five Below

Institutional investors have recently added to or reduced their stakes in the business. Paladin Wealth LLC purchased a new position in shares of Five Below during the third quarter worth about $26,000. Brooklyn Investment Group purchased a new position in Five Below in the 3rd quarter worth approximately $30,000. Hobbs Group Advisors LLC bought a new position in shares of Five Below in the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Five Below during the 2nd quarter valued at $50,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Five Below during the 3rd quarter worth $42,000.

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.