Truist Financial Corp Cuts Position in Five Below, Inc. $FIVE

Truist Financial Corp reduced its position in shares of Five Below, Inc. (NASDAQ:FIVE) by 61.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,742 shares of the specialty retailer’s stock after selling 2,754 shares during the period. Truist Financial Corp’s holdings in Five Below were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Eastern Bank lifted its stake in Five Below by 705.0% during the 3rd quarter. Eastern Bank now owns 161 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 141 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Five Below during the second quarter worth about $26,000. IFP Advisors Inc lifted its position in shares of Five Below by 653.8% during the second quarter. IFP Advisors Inc now owns 196 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Five Below in the third quarter valued at approximately $40,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Five Below by 15,500.0% in the third quarter. SJS Investment Consulting Inc. now owns 312 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 310 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of Five Below from $160.00 to $193.00 and gave the stock a “positive” rating in a report on Thursday, January 8th. Wells Fargo & Company upped their price objective on Five Below from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft upgraded Five Below from a “hold” rating to a “buy” rating and set a $242.00 target price for the company in a report on Thursday, January 8th. The Goldman Sachs Group boosted their target price on Five Below from $188.00 to $216.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Five Below in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.20.

Insider Transactions at Five Below

In other Five Below news, CAO Eric M. Specter sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $201.15, for a total transaction of $1,709,775.00. Following the transaction, the chief accounting officer owned 45,724 shares of the company’s stock, valued at approximately $9,197,382.60. This trade represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen S. Barclay sold 2,200 shares of Five Below stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $182.03, for a total value of $400,466.00. Following the sale, the director owned 9,214 shares in the company, valued at $1,677,224.42. This trade represents a 19.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 50,769 shares of company stock worth $9,365,308. Insiders own 1.90% of the company’s stock.

Five Below Price Performance

Five Below stock opened at $205.93 on Friday. The stock has a market cap of $11.36 billion, a PE ratio of 36.97, a P/E/G ratio of 1.58 and a beta of 1.14. The stock’s fifty day moving average is $191.84 and its two-hundred day moving average is $164.68. Five Below, Inc. has a 1-year low of $52.38 and a 1-year high of $210.33.

Five Below (NASDAQ:FIVE) last released its quarterly earnings data on Wednesday, December 3rd. The specialty retailer reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.46. Five Below had a return on equity of 17.15% and a net margin of 6.96%.The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $971.96 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Five Below has set its FY 2025 guidance at 5.710-5.890 EPS and its Q4 2025 guidance at 3.360-3.540 EPS. On average, research analysts expect that Five Below, Inc. will post 4.93 earnings per share for the current fiscal year.

Five Below Profile

Five Below, Inc (NASDAQ:FIVE) is an American specialty discount retailer offering a broad assortment of merchandise priced primarily at $5 or below. Since its founding in 2002 by David Schlessinger and Tom Vellios, the company has pursued a value-focused retail model targeting tweens, teens and beyond, with stores designed to deliver trend-driven products at an accessible price point. Headquartered in Philadelphia, Pennsylvania, Five Below has grown into a national chain operating in dozens of U.S.