Five Below Inc. (NASDAQ:FIVE) shares reached a new 52-week high on Monday . The company traded as high as $49.94 and last traded at $49.65, with a volume of 820,090 shares trading hands. The stock had previously closed at $47.33.

FIVE has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Five Below from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. Citigroup Inc. reissued a “neutral” rating on shares of Five Below in a research report on Wednesday, June 8th. Jefferies Group reissued a “buy” rating on shares of Five Below in a research report on Tuesday, March 22nd. Buckingham Research reissued a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Five Below in a research report on Tuesday, June 7th. Finally, Barclays PLC reissued a “buy” rating on shares of Five Below in a research report on Thursday, March 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Five Below presently has an average rating of “Buy” and an average target price of $43.85.

The stock’s 50 day moving average price is $45.49 and its 200 day moving average price is $39.66. The firm has a market capitalization of $2.71 billion and a P/E ratio of 45.4557.

Five Below (NASDAQ:FIVE) last announced its earnings results on Thursday, June 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $192.70 million for the quarter, compared to analysts’ expectations of $187.97 million. During the same quarter last year, the business earned $0.08 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Equities analysts forecast that Five Below Inc. will post $1.31 earnings per share for the current fiscal year.

In other news, CFO Kenneth R. Bull sold 34,600 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $2,689,270.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several hedge funds and institutional investors have made changes to their positions in the stock. Russell Frank Co raised its position in shares of Five Below by 17.0% in the fourth quarter. Russell Frank Co now owns 291,888 shares of the company’s stock worth $9,372,000 after buying an additional 42,370 shares during the period. State Board of Administration of Florida Retirement System increased its position in Five Below by 12.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 43,628 shares of the company’s stock valued at $1,400,000 after buying an additional 4,918 shares in the last quarter. California State Teachers Retirement System increased its position in Five Below by 32.7% in the fourth quarter. California State Teachers Retirement System now owns 100,967 shares of the company’s stock valued at $3,241,000 after buying an additional 24,892 shares in the last quarter. Sei Investments Co. increased its position in Five Below by 18.1% in the fourth quarter. Sei Investments Co. now owns 85,000 shares of the company’s stock valued at $2,729,000 after buying an additional 13,008 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Five Below by 29.3% in the fourth quarter. Rhumbline Advisers now owns 62,047 shares of the company’s stock valued at $1,992,000 after buying an additional 14,050 shares in 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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