Five Below (NASDAQ:FIVE) Earns “Hold” Rating from Truist Financial

Truist Financial reiterated their hold rating on shares of Five Below (NASDAQ:FIVE) in a research note issued to investors on Monday, Benzinga reports. The firm currently has a $89.00 price target on the specialty retailer’s stock.

Other equities research analysts also recently issued research reports about the company. Mizuho downgraded Five Below from an outperform rating to a neutral rating and reduced their target price for the company from $150.00 to $85.00 in a research report on Wednesday, July 17th. Citigroup cut their target price on Five Below from $92.00 to $85.00 and set a neutral rating on the stock in a research report on Wednesday, August 21st. Loop Capital lowered their price target on Five Below from $190.00 to $120.00 and set a hold rating for the company in a research report on Friday, June 7th. Wells Fargo & Company cut their price objective on Five Below from $145.00 to $115.00 and set an overweight rating on the stock in a report on Wednesday, July 17th. Finally, Barclays cut Five Below from an overweight rating to an equal weight rating and lowered their target price for the company from $176.00 to $90.00 in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $109.63.

Five Below Stock Down 0.9 %

NASDAQ FIVE opened at $78.24 on Monday. Five Below has a 52 week low of $64.87 and a 52 week high of $216.18. The business’s fifty day simple moving average is $85.82 and its 200-day simple moving average is $134.75. The firm has a market cap of $4.31 billion, a PE ratio of 14.71, a P/E/G ratio of 0.87 and a beta of 1.19.

Five Below (NASDAQ:FIVE) last issued its earnings results on Wednesday, August 28th. The specialty retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Five Below had a net margin of 8.10% and a return on equity of 19.82%. The company had revenue of $830.07 million for the quarter, compared to the consensus estimate of $821.95 million. Research analysts expect that Five Below will post 4.89 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Five Below in the fourth quarter valued at approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Five Below during the 1st quarter worth approximately $28,000. Partnership Wealth Management LLC boosted its holdings in shares of Five Below by 2,000.0% in the 2nd quarter. Partnership Wealth Management LLC now owns 315 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 300 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Five Below in the 4th quarter valued at $37,000. Finally, Parallel Advisors LLC raised its stake in Five Below by 86.3% during the 4th quarter. Parallel Advisors LLC now owns 177 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 82 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.