Five Below Inc. (FIVE) Sees Large Volume Increase
Five Below Inc. (NASDAQ:FIVE) saw an uptick in trading volume on Tuesday . 774,936 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 686,391 shares.The stock last traded at $47.43 and had previously closed at $48.67.
FIVE has been the topic of several analyst reports. Credit Suisse Group AG reissued a “buy” rating and set a $47.00 target price on shares of Five Below in a research report on Friday, June 3rd. Morgan Stanley increased their target price on shares of Five Below from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Friday, June 3rd. Deutsche Bank AG reissued a “hold” rating on shares of Five Below in a research report on Thursday, June 2nd. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Friday, July 15th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Five Below in a research report on Saturday, June 4th. One research 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 has an average rating of “Buy” and an average target price of $44.69.
The firm has a market capitalization of $2.60 billion and a PE ratio of 43.71. The company has a 50-day moving average price of $48.84 and a 200 day moving average price of $42.28.
Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, June 2nd. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. During the same period last year, the business posted $0.08 earnings per share. The business earned $192.70 million during the quarter, compared to analysts’ expectations of $187.97 million. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities analysts expect 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 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 in the company, valued at $2,689,270.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of hedge funds recently modified their holdings of FIVE. 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 increased its stake 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. California Public Employees Retirement System increased its stake in shares of Five Below by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 131,900 shares of the company’s stock worth $4,234,000 after buying an additional 4,000 shares in the last quarter. Principal Financial Group Inc. increased its stake 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. Finally, Jennison Associates LLC increased its stake 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.
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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