Five Below Inc. (FIVE) Sees Large Volume Increase
Shares of Five Below Inc. (NASDAQ:FIVE) saw an uptick in trading volume on Tuesday . 774,936 shares traded hands during 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.
Several research firms have issued reports on FIVE. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Five Below in a report on Saturday, June 4th. Stifel Nicolaus restated a “buy” rating and set a $42.00 price target (down previously from $48.00) on shares of Five Below in a research report on Friday, June 3rd. Credit Suisse Group AG restated a “buy” rating and set a $47.00 price target on shares of Five Below in a research report on Friday, June 3rd. Sterne Agee CRT restated a “neutral” rating on shares of Five Below in a research report on Monday, May 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Five Below in a research note on Thursday, June 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $44.69.
The firm has a 50-day moving average price of $48.88 and a 200-day moving average price of $42.31. The company has a market capitalization of $2.55 billion and a PE ratio of 42.73.
Five Below (NASDAQ:FIVE) last announced 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. The business had revenue of $192.70 million for the quarter, compared to analyst estimates of $187.97 million. The business’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. Equities analysts expect that Five Below Inc. will post $1.31 earnings per share for the current fiscal year.
In other Five Below news, CFO Kenneth R. Bull sold 34,600 shares of Five Below 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 document filed with the SEC, which is accessible through this hyperlink.
Other 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 about $1,364,000. US Bancorp DE raised 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. California Public Employees Retirement System raised its position in 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. raised its position in 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 raised 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 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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