Five Below Inc. (FIVE) Reaches New 1-Year High at $48.08
Shares of Five Below Inc. (NASDAQ:FIVE) reached a new 52-week high on Friday . The stock traded as high as $48.08 and last traded at $47.95, with a volume of 229,374 shares changing hands. The stock had previously closed at $46.69.
A number of brokerages have recently commented on FIVE. Zacks Investment Research cut shares of Five Below from a “hold” rating to a “sell” rating in a report on Monday, April 4th. Credit Suisse Group AG began coverage on shares of Five Below in a report on Friday, April 22nd. They set an “outperform” rating and a $47.00 target price on the stock. MKM Partners restated a “buy” rating and set a $50.00 target price on shares of Five Below in a report on Thursday, March 24th. Barclays PLC boosted their target price on shares of Five Below from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, March 28th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Five Below in a report on Thursday, March 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $43.23.
The firm has a 50-day moving average price of $44.16 and a 200 day moving average price of $39.16. The firm has a market capitalization of $2.62 billion and a price-to-earnings ratio of 43.88.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $192.70 million for the quarter, compared to the consensus estimate of $187.97 million. Five Below’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, equities research analysts forecast that Five Below Inc. will post $1.31 earnings per share for the current year.
In other news, CFO Kenneth R. Bull sold 34,600 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $45.06, for a total transaction of $1,559,076.00. Following the transaction, the chief financial officer now owns 59,682 shares of the company’s stock, valued at approximately $2,689,270.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in 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 during the last quarter. Jennison Associates LLC increased its position in 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 position in 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 position in Five Below during the fourth quarter worth about $15,594,000. Finally, Principal Financial Group Inc. increased its position in 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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