Five Below (NASDAQ:FIVE) Given New $136.00 Price Target at Truist Financial

Five Below (NASDAQ:FIVEFree Report) had its target price reduced by Truist Financial from $176.00 to $136.00 in a research report report published on Thursday morning, Benzinga reports. Truist Financial currently has a buy rating on the specialty retailer’s stock.

Other equities analysts have also issued reports about the stock. Guggenheim lowered their target price on shares of Five Below from $230.00 to $165.00 and set a buy rating for the company in a report on Thursday. Evercore ISI reduced their price target on shares of Five Below from $230.00 to $225.00 and set an outperform rating for the company in a research report on Tuesday, April 16th. Morgan Stanley reduced their price target on shares of Five Below from $210.00 to $160.00 and set an overweight rating for the company in a research report on Thursday. Citigroup reduced their price target on shares of Five Below from $210.00 to $185.00 and set a buy rating for the company in a research report on Wednesday, May 29th. Finally, UBS Group reduced their price target on shares of Five Below from $270.00 to $245.00 and set a buy rating for the company in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $178.39.

Get Our Latest Report on FIVE

Five Below Stock Performance

FIVE stock opened at $118.72 on Thursday. The firm has a 50 day moving average price of $147.83 and a 200-day moving average price of $178.21. Five Below has a 52-week low of $106.21 and a 52-week high of $216.18. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.11 and a beta of 1.17.

Five Below (NASDAQ:FIVEGet Free Report) last released its earnings results on Wednesday, June 5th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.02). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The business had revenue of $811.86 million for the quarter, compared to analysts’ expectations of $834.29 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. Five Below’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts forecast that Five Below will post 6.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FIVE. William Blair Investment Management LLC boosted its stake in shares of Five Below by 89.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,592 shares of the specialty retailer’s stock worth $166,627,000 after acquiring an additional 487,948 shares during the last quarter. Junto Capital Management LP purchased a new position in shares of Five Below during the 4th quarter worth $73,472,000. Norges Bank purchased a new position in shares of Five Below during the 4th quarter worth $68,825,000. Invesco Ltd. boosted its stake in shares of Five Below by 119.1% during the 3rd quarter. Invesco Ltd. now owns 294,075 shares of the specialty retailer’s stock worth $47,317,000 after acquiring an additional 159,844 shares during the last quarter. Finally, Advent International L.P. lifted its stake in shares of Five Below by 68.9% during the 3rd quarter. Advent International L.P. now owns 343,306 shares of the specialty retailer’s stock valued at $55,238,000 after buying an additional 140,000 shares in the last quarter.

About Five Below

(Get Free Report)

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.

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