Five Below Inc. (FIVE) Shares Gap Up to $48.98
Five Below Inc. (NASDAQ:FIVE) shares gapped up before the market opened on Friday . The stock had previously closed at $48.14, but opened at $48.98. Five Below shares last traded at $51.02, with a volume of 721,769 shares traded.
Several research analysts have commented on FIVE shares. Credit Suisse Group AG started coverage on shares of Five Below in a research note on Friday, April 22nd. They set an “outperform” rating and a $47.00 price objective for the company. Zacks Investment Research raised shares of Five Below from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Royal Bank Of Canada lifted their price objective on shares of Five Below from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, June 3rd. MKM Partners reaffirmed a “buy” rating on shares of Five Below in a research note on Wednesday, June 1st. Finally, Buckingham Research reaffirmed a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Five Below in a research note on Tuesday, June 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.69.
The stock has a market capitalization of $2.77 billion and a PE ratio of 46.45. The firm’s 50 day moving average is $48.12 and its 200-day moving average is $41.38.
Five Below (NASDAQ:FIVE) last issued its 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. During the same period last year, the business earned $0.08 earnings per share. The company earned $192.70 million during the quarter, compared to analyst estimates of $187.97 million. The firm’s revenue was up 25.4% compared to the same quarter last year. Analysts anticipate 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 on Wednesday, June 8th. The stock was sold at an average price of $45.06, for a total value of $1,559,076.00. Following the completion of the sale, the chief financial officer now directly owns 59,682 shares of the company’s stock, valued at approximately $2,689,270.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several hedge funds recently modified their holdings of the company. State of Tennessee Treasury Department bought a new stake in shares of Five Below during the fourth quarter worth about $1,364,000. US Bancorp DE boosted its position 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 in the last quarter. New York State Common Retirement Fund boosted its position 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 in the last quarter. Whitebox Advisors LLC acquired a new position in Five Below during the fourth quarter worth $1,677,000. Finally, Comerica Bank acquired a new position in Five Below during the fourth quarter worth $1,886,000.
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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