Truist Financial Corp Sells 1,427 Shares of Five Below, Inc. (NASDAQ:FIVE)

Truist Financial Corp trimmed its position in Five Below, Inc. (NASDAQ:FIVE – Get Rating) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,374 shares of the specialty retailer’s stock after selling 1,427 shares during the period. Truist Financial Corp owned approximately 0.06% of Five Below worth $4,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position in Five Below by 25.1% in the 2nd quarter. FMR LLC now owns 7,061,002 shares of the specialty retailer’s stock valued at $800,929,000 after buying an additional 1,415,117 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in Five Below by 21.4% during the 1st quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock worth $423,883,000 after purchasing an additional 471,349 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Five Below by 4.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,215,792 shares of the specialty retailer’s stock worth $251,337,000 after purchasing an additional 97,132 shares in the last quarter. Riverbridge Partners LLC increased its holdings in Five Below by 14.8% during the 3rd quarter. Riverbridge Partners LLC now owns 1,625,892 shares of the specialty retailer’s stock worth $223,837,000 after purchasing an additional 209,684 shares in the last quarter. Finally, State Street Corp increased its holdings in Five Below by 0.6% during the 2nd quarter. State Street Corp now owns 1,466,046 shares of the specialty retailer’s stock worth $166,294,000 after purchasing an additional 8,651 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FIVE shares. StockNews.com lowered Five Below from a “hold” rating to a “sell” rating in a report on Thursday, January 5th. Craig Hallum boosted their price objective on Five Below from $178.00 to $200.00 in a report on Thursday, December 1st. Evercore ISI boosted their target price on Five Below from $155.00 to $170.00 in a research note on Thursday, December 1st. Wells Fargo & Company boosted their target price on Five Below from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 4th. Finally, Truist Financial boosted their target price on Five Below from $161.00 to $196.00 in a research note on Thursday, December 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $186.15.

Insider Buying and Selling at Five Below

In other Five Below news, Director Kathleen S. Barclay sold 3,319 shares of the business’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $187.10, for a total transaction of $620,984.90. Following the sale, the director now owns 8,799 shares of the company’s stock, valued at approximately $1,646,292.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kathleen S. Barclay sold 3,319 shares of the company’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $187.10, for a total value of $620,984.90. Following the transaction, the director now owns 8,799 shares of the company’s stock, valued at $1,646,292.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Eric M. Specter sold 9,500 shares of the company’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $183.79, for a total transaction of $1,746,005.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,243 shares in the company, valued at approximately $5,742,150.97. The disclosure for this sale can be found here. Insiders have sold 33,575 shares of company stock valued at $6,200,885 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Five Below Price Performance

Shares of FIVE stock opened at $188.36 on Friday. The company’s fifty day simple moving average is $169.56 and its two-hundred day simple moving average is $145.81. Five Below, Inc. has a 1 year low of $109.49 and a 1 year high of $193.53. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 1.97 and a beta of 1.11.

Five Below (NASDAQ:FIVE – Get Rating) last issued its earnings results on Wednesday, November 30th. The specialty retailer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.15. Five Below had a net margin of 7.81% and a return on equity of 20.11%. The business had revenue of $645.03 million for the quarter, compared to analysts’ expectations of $611.16 million. Equities research analysts anticipate that Five Below, Inc. will post 4.66 EPS for the current year.

Five Below Company Profile

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Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options for the customers room.