Truist Financial Trims Five Below (NASDAQ:FIVE) Target Price to $176.00

Five Below (NASDAQ:FIVE) had its price objective lowered by Truist Financial from $204.00 to $176.00 in a research note released on Tuesday, Benzinga reports. Truist Financial currently has a buy rating on the specialty retailer’s stock.

A number of other analysts have also weighed in on FIVE. Morgan Stanley cut their target price on shares of Five Below from $225.00 to $210.00 and set an overweight rating on the stock in a research report on Thursday, March 21st. Gordon Haskett downgraded shares of Five Below from a buy rating to an accumulate rating and dropped their price target for the company from $210.00 to $200.00 in a research note on Wednesday, April 3rd. Mizuho assumed coverage on shares of Five Below in a research note on Tuesday, March 19th. They set a buy rating and a $225.00 price target for the company. JPMorgan Chase & Co. downgraded shares of Five Below from an overweight rating to a neutral rating and dropped their price target for the company from $215.00 to $170.00 in a research note on Tuesday, April 23rd. Finally, Oppenheimer downgraded shares of Five Below from an outperform rating to a market perform rating and dropped their price target for the company from $235.00 to $200.00 in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Five Below currently has a consensus rating of Moderate Buy and a consensus price target of $206.44.

Five Below Trading Up 2.3 %

NASDAQ FIVE opened at $134.71 on Tuesday. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 1.07 and a beta of 1.21. The firm’s 50 day simple moving average is $150.98 and its 200 day simple moving average is $179.41. Five Below has a 1 year low of $128.64 and a 1 year high of $216.18.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, March 20th. The specialty retailer reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.13). Five Below had a net margin of 8.46% and a return on equity of 20.80%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business earned $3.07 EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities research analysts forecast that Five Below will post 6.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Five Below by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,799,561 shares of the specialty retailer’s stock valued at $689,165,000 after buying an additional 38,419 shares during the last quarter. Capital World Investors boosted its holdings in Five Below by 2.5% during the first quarter. Capital World Investors now owns 2,403,415 shares of the specialty retailer’s stock worth $435,931,000 after purchasing an additional 58,883 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Five Below by 2.1% during the first quarter. Wasatch Advisors LP now owns 1,876,053 shares of the specialty retailer’s stock worth $340,278,000 after purchasing an additional 37,797 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in Five Below by 34.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,539,132 shares of the specialty retailer’s stock worth $242,681,000 after purchasing an additional 395,275 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Five Below by 0.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,150,965 shares of the specialty retailer’s stock worth $245,340,000 after purchasing an additional 9,837 shares during 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.