Five Below Inc. (NASDAQ:FIVE) shares were down 2.1% during mid-day trading on Friday . The stock traded as low as $45.65 and last traded at $46.08, with a volume of 803,225 shares traded. The stock had previously closed at $47.08.

Several research analysts have issued reports on FIVE shares. Buckingham Research reissued a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Five Below in a research report on Tuesday, June 7th. Royal Bank Of Canada reissued a “buy” rating on shares of Five Below in a research report on Saturday, June 4th. Credit Suisse Group AG reissued a “buy” rating and issued a $47.00 target price on shares of Five Below in a research report on Friday, June 3rd. Jefferies Group reissued a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Five Below in a research report on Friday, June 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $42.00 target price (down from $48.00) on shares of Five Below in a research report on Friday, June 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $44.69.

The stock has a market cap of $2.54 billion and a price-to-earnings ratio of 42.61. The stock has a 50 day moving average price of $48.93 and a 200-day moving average price of $42.86.

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, analysts expect that Five Below Inc. will post $1.31 earnings per share for the current year.

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

Several hedge funds recently modified their holdings of FIVE. 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. 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. Finally, 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.