Shares of Five Below Inc. (NASDAQ:FIVE) traded up 3% during trading on Tuesday . The stock traded as high as $48.45 and last traded at $47.95, with a volume of 544,486 shares changing hands. The stock had previously closed at $46.54.

Several analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Five Below in a research report on Saturday, June 4th. MKM Partners reaffirmed a “buy” rating on shares of Five Below in a research report on Wednesday, June 1st. Deutsche Bank AG reaffirmed a “hold” rating on shares of Five Below in a research report on Thursday, June 2nd. Morgan Stanley lifted their price target on shares of Five Below from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Friday, June 3rd. Finally, Stifel Nicolaus reaffirmed 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.69.

The company has a 50-day moving average of $48.93 and a 200-day moving average of $42.60. The firm has a market capitalization of $2.64 billion and a price-to-earnings ratio of 44.21.

Five Below (NASDAQ:FIVE) last released its quarterly earnings results on Thursday, June 2nd. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business earned $192.70 million during the quarter, compared to analyst estimates of $187.97 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Analysts forecast that Five Below Inc. will post $1.31 EPS for the current year.

In other news, CFO Kenneth R. Bull sold 34,600 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $45.06, for a total value of $1,559,076.00. Following the sale, the chief financial officer now directly owns 59,682 shares in the company, valued at $2,689,270.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other hedge funds have added to or reduced their stakes in the company. State of Tennessee Treasury Department acquired a new stake in Five Below during the fourth quarter valued at approximately $1,364,000. US Bancorp DE raised its stake in Five Below by 4.8% in the fourth quarter. US Bancorp DE now owns 46,363 shares of the company’s stock valued at $1,488,000 after buying an additional 2,123 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 valued at $11,750,000 after buying an additional 359,036 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Five Below by 33.9% in the fourth quarter. Jennison Associates LLC now owns 860,789 shares of the company’s stock valued at $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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