Five Below Inc. (NASDAQ:FIVE) saw strong trading volume on Thursday . 793,153 shares changed hands during trading, an increase of 3% from the previous session’s volume of 768,559 shares.The stock last traded at $46.73 and had previously closed at $47.14.

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Five Below in a report on Saturday, June 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $42.00 price objective (down from $48.00) on shares of Five Below in a report on Friday, June 3rd. Credit Suisse Group AG reaffirmed a “buy” rating and set a $47.00 price objective on shares of Five Below in a report on Friday, June 3rd. Deutsche Bank AG reaffirmed a “hold” rating on shares of Five Below in a report on Thursday, June 2nd. Finally, Sterne Agee CRT reaffirmed a “neutral” rating on shares of Five Below in a report on Monday, May 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Five Below currently has an average rating of “Buy” and a consensus target price of $44.69.

The company has a market cap of $2.58 billion and a PE ratio of 43.23. The firm’s 50 day moving average is $48.94 and its 200 day moving average is $42.76.

Five Below (NASDAQ:FIVE) last announced its quarterly earnings data 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. The firm earned $192.70 million during the quarter, compared to analyst estimates of $187.97 million. During the same period in the prior year, the company posted $0.08 earnings per share. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities analysts predict 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 company’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 sale, 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 Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds recently modified their holdings of FIVE. 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 during 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 during 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 during 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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