Five Below Inc. (FIVE) Sets New 12-Month High at $48.08
Five Below Inc. (NASDAQ:FIVE) shares hit a new 52-week high during trading on Friday . The company traded as high as $48.08 and last traded at $47.95, with a volume of 229,374 shares trading hands. The stock had previously closed at $46.69.
A number of research analysts have recently commented on FIVE shares. Zacks Investment Research downgraded shares of Five Below from a “buy” rating to a “hold” rating in a research report on Monday, March 14th. Credit Suisse Group AG reissued an “outperform” rating and issued a $40.00 price objective (up previously from $39.00) on shares of Five Below in a research report on Wednesday, March 23rd. Royal Bank Of Canada lifted their price objective on shares of Five Below from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, March 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $34.00 price objective on shares of Five Below in a research report on Wednesday, March 23rd. Finally, Dougherty & Co lifted their price objective on shares of Five Below from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, March 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.23.
The company’s 50-day moving average is $43.90 and its 200-day moving average is $39.04. The stock has a market cap of $2.63 billion and a PE ratio of 44.089.
Five Below (NASDAQ:FIVE) last issued its earnings results on Thursday, June 2nd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $192.70 million for the quarter, compared to the consensus estimate of $187.97 million. Five Below’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. On average, equities research analysts predict that Five Below Inc. will post $1.31 earnings per share for the current year.
In other Five Below news, CFO Kenneth R. Bull sold 34,600 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $45.06, for a total transaction of $1,559,076.00. Following the completion of the transaction, the chief financial officer now owns 59,682 shares in the company, valued at $2,689,270.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Other institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Five Below by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,000,701 shares of the company’s stock worth $32,122,000 after buying an additional 71,374 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Five Below by 33.9% in the fourth quarter. Jennison Associates LLC now owns 860,789 shares of the company’s stock worth $27,631,000 after buying an additional 217,749 shares during the last quarter. Pacifica Capital Investments LLC increased its stake in shares of Five Below by 101.9% in the fourth quarter. Pacifica Capital Investments LLC now owns 526,654 shares of the company’s stock worth $16,906,000 after buying an additional 265,838 shares during the last quarter. Columbia Wanger Asset Management LLC purchased a new stake in shares of Five Below during the fourth quarter worth about $15,594,000. Finally, Principal Financial Group Inc. increased its stake in shares of Five Below by 5,126.2% in the fourth quarter. Principal Financial Group Inc. now owns 366,040 shares of the company’s stock worth $11,750,000 after buying an additional 359,036 shares during the last quarter.
Five Below, Inc is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company’s product groups include leisure, fashion and home, and party and snack.
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