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

Five Below (NASDAQ:FIVE - Get Free Report) had its target price hoisted by stock analysts at Truist Financial from $65.00 to $81.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the specialty retailer's stock. Truist Financial's target price suggests a potential downside of 4.39% from the stock's current price.

Several other brokerages also recently weighed in on FIVE. The Goldman Sachs Group cut their price objective on shares of Five Below from $117.00 to $102.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Evercore ISI cut their target price on Five Below from $93.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. JPMorgan Chase & Co. boosted their price target on Five Below from $57.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays cut their price objective on shares of Five Below from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Finally, Mizuho decreased their target price on shares of Five Below from $105.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $96.50.

Five Below Price Performance

FIVE traded up $0.41 during trading hours on Monday, reaching $84.72. 862,883 shares of the stock traded hands, compared to its average volume of 2,012,600. The firm's fifty day simple moving average is $73.30 and its two-hundred day simple moving average is $87.79. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.19 and a beta of 0.87. Five Below has a fifty-two week low of $52.38 and a fifty-two week high of $146.97.

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

Insider Transactions at Five Below

In related news, EVP Ronald James Masciantonio sold 584 shares of the 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 owns 12,658 shares in the company, valued at approximately $987,830.32. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Steadfast Capital Management LP bought a new stake in Five Below in the fourth quarter worth $123,601,000. Marshall Wace LLP boosted 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 purchasing an additional 1,072,642 shares during the period. Norges Bank acquired a new position in Five Below during the fourth quarter valued at approximately $66,933,000. Alliancebernstein L.P. raised its position in shares of Five Below by 487.0% in the fourth quarter. Alliancebernstein L.P. now owns 566,695 shares of the specialty retailer's stock valued at $59,480,000 after purchasing an additional 470,150 shares during the period. Finally, Man Group plc lifted its stake in shares of Five Below by 399.5% in the fourth quarter. Man Group plc now owns 562,902 shares of the specialty retailer's stock worth $59,082,000 after buying an additional 450,215 shares during the last quarter.

About Five Below

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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