Five Below (NASDAQ:FIVE) Given New $65.00 Price Target at Truist Financial

Five Below (NASDAQ:FIVE - Free Report) had its price target reduced by Truist Financial from $86.00 to $65.00 in a research note published on Tuesday,Benzinga reports. They currently have a hold rating on the specialty retailer's stock.

A number of other equities research analysts have also commented on the stock. Bank of America lowered their price target on shares of Five Below from $88.00 to $75.00 and set an "underperform" rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Five Below from an "underweight" rating to a "neutral" rating and set a $57.00 price objective for the company in a research note on Monday, April 7th. Telsey Advisory Group cut their target price 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. The Goldman Sachs Group lowered their price target on Five Below from $117.00 to $102.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, UBS Group cut their price objective on Five Below from $150.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $97.95.

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Five Below Price Performance

FIVE stock traded down $1.30 during mid-day trading on Tuesday, hitting $60.47. 3,728,234 shares of the stock were exchanged, compared to its average volume of 1,925,393. The business has a fifty day moving average price of $78.81 and a 200 day moving average price of $89.93. Five Below has a 12 month low of $52.38 and a 12 month high of $162.92. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.19 and a beta of 1.01.

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 analysts' consensus estimates of $3.38 by $0.10. Five Below had a return on equity of 18.03% and a net margin of 7.02%. 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 company posted $3.65 EPS. Five Below's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Five Below will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at Five Below

In other news, CAO Eric M. Specter sold 5,494 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $90.76, for a total transaction of $498,635.44. Following the sale, the chief accounting officer now owns 57,267 shares in the company, valued at $5,197,552.92. This represents a 8.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $45,575.36. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $987,830.32. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five Below

Large investors have recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new stake in Five Below during the 4th quarter valued at $31,000. UMB Bank n.a. lifted its holdings in Five Below by 156.9% in the fourth quarter. UMB Bank n.a. now owns 334 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 204 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Five Below in the third quarter worth about $42,000. Coppell Advisory Solutions LLC boosted its position in Five Below by 143.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 429 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 253 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Five Below by 2,936.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 577 shares of the specialty retailer's stock valued at $61,000 after purchasing an additional 558 shares during the period.

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.