Five Below Inc. (FIVE) Hits New 1-Year High at $49.94
Five Below Inc. (NASDAQ:FIVE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $49.94 and last traded at $49.65, with a volume of 820,090 shares. The stock had previously closed at $47.33.
A number of research firms have issued reports on FIVE. Zacks Investment Research upgraded shares of Five Below from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Friday, July 15th. Citigroup Inc. reissued a “neutral” rating on shares of Five Below in a research report on Wednesday, June 8th. Buckingham Research reissued a “buy” rating and issued a $50.00 price objective (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. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and issued a $31.00 price objective (up from $30.00) on shares of Five Below in a research report on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.85.
The company has a 50 day moving average of $45.84 and a 200-day moving average of $39.97. The stock has a market capitalization of $2.71 billion and a P/E ratio of 45.40.
Five Below (NASDAQ:FIVE) last posted its earnings results on Thursday, June 2nd. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. During the same period in the previous year, the firm posted $0.08 earnings per share. The firm had revenue of $192.70 million for the quarter, compared to analyst estimates of $187.97 million. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities analysts expect that Five Below Inc. will post $1.31 earnings per share for the current fiscal year.
In other news, CFO Kenneth R. Bull sold 34,600 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 59,682 shares of the company’s stock, valued at $2,689,270.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Jennison Associates LLC boosted 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 during the last quarter. Pacifica Capital Investments LLC boosted its position in Five Below by 101.9% in the fourth quarter. Pacifica Capital Investments LLC now owns 526,654 shares of the company’s stock worth $16,906,000 after buying an additional 265,838 shares during the last quarter. Columbia Wanger Asset Management LLC purchased a new position in Five Below during the fourth quarter worth approximately $15,594,000. Principal Financial Group Inc. boosted 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 during the last quarter. Finally, Russell Frank Co boosted its position in Five Below by 17.0% in the fourth quarter. Russell Frank Co now owns 291,888 shares of the company’s stock worth $9,372,000 after buying an additional 42,370 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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