Shares of Five Below Inc. (NASDAQ:FIVE) hit a new 52-week high during mid-day 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.

Several analysts have issued reports on the company. Royal Bank Of Canada restated a “buy” rating on shares of Five Below in a research note on Saturday, June 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $42.00 target price (down from $48.00) on shares of Five Below in a report on Friday, June 3rd. Deutsche Bank AG reaffirmed a “hold” rating on shares of Five Below in a report on Thursday, June 2nd. Sterne Agee CRT reaffirmed a “neutral” rating on shares of Five Below in a report on Monday, May 16th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $47.00 target price on shares of Five Below in a report on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned 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 has a market capitalization of $2.84 billion and a PE ratio of 47.63. The firm has a 50 day moving average price of $46.97 and a 200-day moving average price of $40.60.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, June 2nd. The company reported $0.12 EPS 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. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. Analysts predict that Five Below Inc. will post $1.31 EPS for the current fiscal year.

In other Five Below news, CFO Kenneth R. Bull sold 34,600 shares of the firm’s 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 filing with the SEC, which can be accessed through the SEC website.

A number of hedge funds and institutional investors have made changes to their positions in the company. State of Tennessee Treasury Department acquired a new position in shares of Five Below during the fourth quarter worth approximately $1,364,000. Jennison Associates LLC boosted its position 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 in the last quarter. US Bancorp DE boosted its position in shares of 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 in the last quarter. Whitebox Advisors LLC acquired a new position in shares of Five Below during the fourth quarter worth approximately $1,677,000. Finally, Principal Financial Group Inc. boosted its position 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.