Truist Financial Issues Pessimistic Forecast for Five Below (NASDAQ:FIVE) Stock Price

Five Below (NASDAQ:FIVE) had its price objective lowered by analysts at Truist Financial from $93.00 to $86.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Truist Financial’s price objective suggests a potential upside of 12.80% from the stock’s current price.

FIVE has been the subject of a number of other reports. Citigroup lifted their price target on Five Below from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Telsey Advisory Group decreased their target price on Five Below from $115.00 to $85.00 and set a “market perform” rating for the company in a research note on Tuesday. Craig Hallum increased their price target on shares of Five Below from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Mizuho raised their price objective on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Guggenheim upped their target price on shares of Five Below from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.16.

Five Below Price Performance

FIVE stock opened at $76.24 on Thursday. The business’s 50-day moving average is $87.76 and its two-hundred day moving average is $92.52. The firm has a market capitalization of $4.19 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.19 and a beta of 1.11. Five Below has a 1 year low of $64.87 and a 1 year high of $185.48.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data on Wednesday, March 19th. The specialty retailer reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.10. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.65 EPS. On average, analysts expect that Five Below will post 4.93 EPS for the current year.

Insider Activity at Five Below

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the transaction, the chief accounting officer now directly owns 57,267 shares in the company, valued at approximately $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Five Below

Several institutional investors have recently modified their holdings of FIVE. Vanguard Group Inc. increased its stake in Five Below by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,047,563 shares of the specialty retailer’s stock valued at $529,792,000 after purchasing an additional 43,537 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Five Below by 3.7% in the 4th quarter. Wasatch Advisors LP now owns 2,420,083 shares of the specialty retailer’s stock worth $254,012,000 after buying an additional 86,271 shares in the last quarter. Marshall Wace LLP raised its position in Five Below by 86.0% during the fourth quarter. Marshall Wace LLP now owns 2,320,212 shares of the specialty retailer’s stock worth $243,529,000 after acquiring an additional 1,072,642 shares during the last quarter. State Street Corp lifted its holdings in shares of Five Below by 1.9% in 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 in the last quarter. Finally, Steadfast Capital Management LP acquired a new stake in shares of Five Below in the fourth quarter valued at approximately $123,601,000.

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.