Five Below Inc. (NASDAQ:FIVE) gapped up prior to trading 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 changing hands.

FIVE has been the topic of several analyst reports. Zacks Investment Research lowered shares of 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 report on Wednesday, June 8th. Deutsche Bank AG reissued a “hold” rating and issued a $46.00 price target (up previously from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. Buckingham Research reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Five Below in a report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $31.00 target price (up previously from $30.00) on shares of Five Below in a report on Friday, June 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Five Below presently has a consensus rating of “Buy” and a consensus target price of $44.69.

The firm has a market cap of $2.77 billion and a P/E ratio of 46.45. The stock’s 50-day moving average price is $48.12 and its 200-day moving average price is $41.38.

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 the Zacks’ consensus estimate of $0.10 by $0.02. During the same period in the prior year, the business posted $0.08 EPS. The firm had revenue of $192.70 million for the quarter, compared to analyst estimates of $187.97 million. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. Analysts anticipate that Five Below Inc. will post $1.31 earnings per share for the current year.

In related news, CFO Kenneth R. Bull sold 34,600 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 59,682 shares of the company’s stock, valued at $2,689,270.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A number of hedge funds and institutional investors recently bought and sold shares of the stock. KDI Capital Partners LLC increased its position in Five Below by 4,861.9% in the fourth quarter. KDI Capital Partners LLC now owns 301,733 shares of the company’s stock worth $9,686,000 after buying an additional 295,652 shares during the period. State of Tennessee Treasury Department bought a new position in Five Below during the fourth quarter worth approximately $1,364,000. Jennison Associates LLC increased its position in 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 during the period. US Bancorp DE increased 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 during the period. Finally, Whitebox Advisors LLC bought a new position in Five Below during the fourth quarter worth approximately $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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