Truist Financial Increases Five Below (NASDAQ:FIVE) Price Target to $112.00

Five Below (NASDAQ:FIVE - Get Free Report) had its target price hoisted by research analysts at Truist Financial from $81.00 to $112.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "hold" rating on the specialty retailer's stock. Truist Financial's price objective suggests a potential downside of 8.35% from the stock's current price.

FIVE has been the subject of several other reports. Mizuho reduced their price objective on Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Barclays reduced their price objective on Five Below from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. Bank of America reduced their price objective on Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a report on Thursday, March 20th. Citigroup boosted their price target on Five Below from $80.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Finally, DA Davidson cut their price target on Five Below from $50.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Five Below currently has an average rating of "Hold" and an average price target of $101.30.

Five Below Stock Performance

FIVE stock traded up $4.70 on Monday, reaching $122.21. The company's stock had a trading volume of 1,990,650 shares, compared to its average volume of 2,100,454. The business has a fifty day simple moving average of $83.44 and a two-hundred day simple moving average of $89.81. Five Below has a 12-month low of $52.38 and a 12-month high of $140.51. The firm has a market cap of $6.73 billion, a PE ratio of 25.20, a PEG ratio of 1.19 and a beta of 0.87.

Five Below (NASDAQ:FIVE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company's revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $3.65 earnings per share. As a group, research analysts anticipate that Five Below will post 4.93 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Ronald James Masciantonio sold 584 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at approximately $987,830.32. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Five Below

Large investors have recently modified their holdings of the stock. Bank of Montreal Can grew its position in Five Below by 1.0% in the 4th quarter. Bank of Montreal Can now owns 12,172 shares of the specialty retailer's stock valued at $1,278,000 after acquiring an additional 123 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Five Below by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,902 shares of the specialty retailer's stock valued at $2,509,000 after acquiring an additional 150 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Five Below by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,681 shares of the specialty retailer's stock valued at $501,000 after acquiring an additional 155 shares during the last quarter. Sterling Capital Management LLC grew its position in Five Below by 13.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,366 shares of the specialty retailer's stock valued at $143,000 after acquiring an additional 158 shares during the last quarter. Finally, Cornerstone Investment Partners LLC grew its position in Five Below by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,732 shares of the specialty retailer's stock valued at $497,000 after acquiring an additional 162 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.