Five Below (NASDAQ:FIVE) Price Target Cut to $86.00 by Analysts at Truist Financial

Five Below (NASDAQ:FIVE - Free Report) had its price objective reduced by Truist Financial from $93.00 to $86.00 in a report issued on Thursday morning,Benzinga reports. They currently have a hold rating on the specialty retailer's stock.

A number of other research analysts have also recently issued reports on FIVE. Morgan Stanley decreased their price target on shares of Five Below from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday. The Goldman Sachs Group raised their target price on Five Below from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Telsey Advisory Group dropped their price target on Five Below from $115.00 to $85.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price objective on Five Below from $107.00 to $102.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. Finally, Guggenheim upped their target price on Five Below from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $102.16.

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Five Below Stock Up 3.9 %

Shares of Five Below stock traded up $2.99 during trading on Thursday, reaching $79.23. The company's stock had a trading volume of 1,837,395 shares, compared to its average volume of 1,762,499. Five Below has a 1-year low of $64.87 and a 1-year high of $185.48. The company has a 50-day simple moving average of $87.34 and a two-hundred day simple moving average of $92.78. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.19 and a beta of 1.11.

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, topping the consensus estimate of $3.38 by $0.10. The business 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $3.65 earnings per share. As a group, analysts anticipate that Five Below will post 4.93 earnings per share for the current year.

Insider Buying and Selling at Five Below

In other Five Below news, EVP Ronald James Masciantonio sold 584 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $78.04, for a total transaction of $45,575.36. Following the completion of the transaction, the executive vice president now directly 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Eric M. Specter sold 5,494 shares of Five Below 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 completion of the sale, the chief accounting officer now owns 57,267 shares in the company, valued at approximately $5,197,552.92. This trade represents a 8.75 % decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five Below

A number of hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Five Below in the fourth quarter worth approximately $8,489,000. Charles Schwab Investment Management Inc. boosted its stake in Five Below by 41.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 614,288 shares of the specialty retailer's stock worth $54,272,000 after purchasing an additional 180,902 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Five Below by 155.2% during the third quarter. National Bank of Canada FI now owns 78,827 shares of the specialty retailer's stock worth $6,964,000 after buying an additional 47,940 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Five Below in the third quarter valued at about $3,282,000. Finally, Algert Global LLC lifted its stake in shares of Five Below by 364.2% in the third quarter. Algert Global LLC now owns 25,830 shares of the specialty retailer's stock worth $2,282,000 after buying an additional 20,266 shares in 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.