Five Below (NASDAQ:FIVE) Price Target Raised to $112.00

Five Below (NASDAQ:FIVE) had its price objective boosted by Truist Financial from $81.00 to $112.00 in a report issued on Monday,Benzinga reports. Truist Financial currently has a hold rating on the specialty retailer’s stock.

A number of other research firms have also recently commented on FIVE. Loop Capital upped their price objective on shares of Five Below from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Monday, May 5th. Evercore ISI boosted their target price on Five Below from $94.00 to $98.00 and gave the company an “in-line” rating in a research note on Wednesday, May 28th. Citigroup raised their price target on Five Below from $80.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 27th. Barclays cut their price objective on Five Below from $100.00 to $93.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. Finally, DA Davidson lowered their target price on Five Below from $50.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.30.

Five Below Trading Down 0.8%

NASDAQ:FIVE opened at $121.24 on Monday. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.19 and a beta of 0.87. Five Below has a 1-year low of $52.38 and a 1-year high of $138.37. The business’s 50-day moving average price is $85.26 and its two-hundred day moving average price is $90.25.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 4th. The specialty retailer reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Five Below had a net margin of 7.02% and a return on equity of 18.03%. The business had revenue of $970.53 million for the quarter, compared to the consensus estimate of $966.29 million. During the same period last year, the company posted $0.60 EPS. Five Below’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts predict that Five Below will post 4.93 earnings per share for the current year.

Insider Transactions at Five Below

In other news, EVP Ronald James Masciantonio sold 584 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $78.04, for a total value of $45,575.36. Following the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at $987,830.32. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FIVE. Raymond James Financial Inc. acquired a new stake in Five Below during the fourth quarter worth approximately $8,489,000. Schonfeld Strategic Advisors LLC increased its stake in shares of Five Below by 7,542.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 287,351 shares of the specialty retailer’s stock worth $30,160,000 after purchasing an additional 283,591 shares during the period. Prudential Financial Inc. lifted its holdings in Five Below by 236.1% during the 4th quarter. Prudential Financial Inc. now owns 11,438 shares of the specialty retailer’s stock worth $1,201,000 after purchasing an additional 8,035 shares during the last quarter. KBC Group NV lifted its holdings in Five Below by 30.4% during the 4th quarter. KBC Group NV now owns 2,126 shares of the specialty retailer’s stock worth $223,000 after purchasing an additional 496 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Five Below in the 4th quarter valued at $31,000.

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.