Five Below Inc. (FIVE) Shares Up 3%
Five Below Inc. (NASDAQ:FIVE)’s share price shot up 3% during trading on Tuesday . The company traded as high as $48.45 and last traded at $47.95, with a volume of 544,486 shares traded. The stock had previously closed at $46.54.
A number of research firms have recently commented on FIVE. BTIG Research began coverage on Five Below in a report on Tuesday. They set a “neutral” rating for the company. They noted that the move was a valuation call. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price target (up previously from $39.00) on shares of Five Below in a report on Tuesday, August 2nd. Zacks Investment Research raised Five Below from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, July 15th. Citigroup Inc. reissued a “neutral” rating on shares of Five Below in a report on Wednesday, June 8th. Finally, Buckingham Research reissued a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Five Below in a report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $44.69.
The company’s 50 day moving average is $48.93 and its 200 day moving average is $42.73. The firm has a market cap of $2.58 billion and a P/E ratio of 43.29.
Five Below (NASDAQ:FIVE) last posted its quarterly earnings data on Thursday, June 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $192.70 million for the quarter, compared to the consensus estimate of $187.97 million. During the same period in the prior year, the business posted $0.08 EPS. Five Below’s quarterly revenue was up 25.4% on a year-over-year basis. Equities research analysts forecast that Five Below Inc. will post $1.31 earnings per share for the current year.
In related news, CFO Kenneth R. Bull sold 34,600 shares of Five Below 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 sale, the chief financial officer now owns 59,682 shares of the company’s stock, valued at $2,689,270.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
A number of large investors have bought and sold shares of the stock. 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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