Five Below Inc. (FIVE) Reaches New 1-Year High at $51.46
Five Below Inc. (NASDAQ:FIVE)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $51.46 and last traded at $51.42, with a volume of 256,608 shares trading hands. The stock had previously closed at $51.13.
FIVE has been the topic of several analyst reports. Zacks Investment Research downgraded Five Below from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Citigroup Inc. reissued a “neutral” rating on shares of Five Below in a research report on Wednesday, June 8th. Buckingham Research reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Five Below in a research report on Tuesday, June 7th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $31.00 price objective (up from $30.00) on shares of Five Below in a research report on Friday, June 3rd. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of Five Below in a research report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.85.
The stock’s 50-day moving average price is $46.52 and its 200 day moving average price is $40.25. The company has a market capitalization of $2.82 billion and a P/E ratio of 47.35.
Five Below (NASDAQ:FIVE) last posted 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 analyst estimates of $187.97 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The firm’s revenue was up 25.4% compared to the same quarter last year. Equities analysts anticipate that Five Below Inc. will post $1.31 EPS for the current year.
In related news, CFO Kenneth R. Bull sold 34,600 shares of the business’s 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 directly owns 59,682 shares of the company’s stock, valued at approximately $2,689,270.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Other hedge funds and institutional investors have recently modified their holdings of the company. State of Tennessee Treasury Department purchased a new position in shares of Five Below during the fourth quarter worth approximately $1,364,000. State Board of Administration of Florida Retirement System increased its stake 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 worth $1,400,000 after buying an additional 4,918 shares during the last quarter. US Bancorp DE increased its stake in Five Below by 4.8% in the fourth quarter. US Bancorp DE now owns 46,363 shares of the company’s stock worth $1,488,000 after buying an additional 2,123 shares during the last quarter. New York State Common Retirement Fund increased its stake in Five Below by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 51,900 shares of the company’s stock worth $1,666,000 after buying an additional 2,200 shares during the last quarter. Finally, Whitebox Advisors LLC bought a new stake in Five Below during the fourth quarter worth $1,677,000.
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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