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

Five Below (NASDAQ:FIVE) had its price objective lifted by Truist Financial from $88.00 to $118.00 in a research report sent to investors on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the specialty retailer’s stock.

A number of other research firms have also recently weighed in on FIVE. Craig Hallum lifted their target price on shares of Five Below from $102.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley boosted their price objective on Five Below from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday. William Blair reiterated a “market perform” rating on shares of Five Below in a research report on Monday. Telsey Advisory Group boosted their price target on shares of Five Below from $95.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, UBS Group decreased their target price on Five Below from $120.00 to $108.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $114.35.

Five Below Trading Up 10.5 %

Shares of FIVE stock opened at $115.97 on Thursday. The company has a 50 day simple moving average of $91.39 and a two-hundred day simple moving average of $94.78. The stock has a market cap of $6.38 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.14 and a beta of 1.18. Five Below has a 12 month low of $64.87 and a 12 month high of $216.18.

Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The firm had revenue of $843.71 million for the quarter, compared to analysts’ expectations of $801.48 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities analysts forecast that Five Below will post 4.56 earnings per share for the current year.

Institutional Investors Weigh In On Five Below

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIVE. Paladin Wealth LLC purchased a new position in shares of Five Below during the third quarter worth approximately $26,000. Brooklyn Investment Group bought a new position in Five Below in the third quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in Five Below during the 3rd quarter worth $42,000. Hobbs Group Advisors LLC purchased a new stake in shares of Five Below in the 2nd quarter worth $44,000. Finally, Partnership Wealth Management LLC grew its position in shares of Five Below by 63.5% during the 3rd quarter. Partnership Wealth Management LLC now owns 515 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 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.