Five Below Inc. (FIVE) Sets New 52-Week High at $51.46
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.
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