Five Below Inc. (FIVE) Sees Strong Trading Volume
Five Below Inc. (NASDAQ:FIVE) saw an uptick in trading volume on Thursday . 793,153 shares were traded 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.
Several research firms have recently commented on FIVE. Credit Suisse Group AG restated a “buy” rating and set a $47.00 price target on shares of Five Below in a research note on Friday, June 3rd. Morgan Stanley upped their price target on Five Below from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Friday, June 3rd. Deutsche Bank AG restated a “hold” rating on shares of Five Below in a research note on Thursday, June 2nd. Zacks Investment Research upgraded Five Below from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, July 15th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Five Below in a research note on Saturday, June 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $44.69.
The company has a market cap of $2.54 billion and a price-to-earnings ratio of 42.61. The company’s 50 day moving average price is $48.93 and its 200-day moving average price is $42.86.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Thursday, June 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. On average, equities research analysts expect that Five Below Inc. will post $1.31 EPS for the current year.
In other Five Below news, CFO Kenneth R. Bull sold 34,600 shares of the business’s stock in a transaction on Wednesday, June 8th. The stock was 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 approximately $2,689,270.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of hedge funds and institutional investors have made changes to their positions in the company. US Bancorp DE raised its position 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 period. Principal Financial Group Inc. raised its position 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 period. Finally, Jennison Associates LLC raised its position 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 period.
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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