Five Below (NASDAQ:FIVE) Price Target Raised to $88.00 at Truist Financial

Five Below (NASDAQ:FIVE) had its price objective raised by equities research analysts at Truist Financial from $87.00 to $88.00 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 suggests a potential upside of 2.54% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Evercore ISI lifted their price target on Five Below from $100.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $79.00 price target (down from $155.00) on shares of Five Below in a research report on Thursday, July 18th. William Blair cut Five Below from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. Melius Research assumed coverage on Five Below in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 price objective for the company. Finally, Citigroup reduced their price objective on Five Below from $92.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.40.

Five Below Stock Performance

Shares of FIVE stock traded up $1.40 during mid-day trading on Thursday, hitting $85.82. 33,123 shares of the stock traded hands, compared to its average volume of 1,437,164. Five Below has a twelve month low of $64.87 and a twelve month high of $216.18. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20. The company’s 50-day simple moving average is $90.22 and its 200-day simple moving average is $102.27.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company had revenue of $830.07 million for the quarter, compared to analysts’ expectations of $821.95 million. Analysts forecast that Five Below will post 4.55 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in Five Below by 30.4% during the first quarter. BNP Paribas Financial Markets now owns 13,573 shares of the specialty retailer’s stock valued at $2,462,000 after purchasing an additional 3,166 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in Five Below by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 48,304 shares of the specialty retailer’s stock valued at $8,761,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC boosted its position in Five Below by 119.9% during the first quarter. SG Americas Securities LLC now owns 3,145 shares of the specialty retailer’s stock valued at $570,000 after purchasing an additional 1,715 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Five Below by 5.9% during the first quarter. Russell Investments Group Ltd. now owns 70,737 shares of the specialty retailer’s stock valued at $12,830,000 after purchasing an additional 3,916 shares during the last quarter. Finally, Motley Fool Asset Management LLC acquired a new stake in Five Below during the first quarter valued at $622,000.

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.