Ronald Sargent Sells 80,000 Shares of Five Below Inc (FIVE) Stock
Five Below Inc (NASDAQ:FIVE) Director Ronald Sargent sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $65.59, for a total transaction of $5,247,200.00. Following the sale, the director now owns 29,429 shares in the company, valued at approximately $1,930,248.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Five Below Inc (FIVE) opened at $67.12 on Friday. Five Below Inc has a one year low of $36.90 and a one year high of $67.53. The company has a market cap of $3,700.75, a price-to-earnings ratio of 43.79, a PEG ratio of 1.42 and a beta of 0.85.
Five Below (NASDAQ:FIVE) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. Five Below had a net margin of 7.31% and a return on equity of 23.85%. The business had revenue of $257.18 million for the quarter, compared to the consensus estimate of $246.04 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. analysts anticipate that Five Below Inc will post 1.78 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. raised its stake in shares of Five Below by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 2,350 shares of the specialty retailer’s stock valued at $116,000 after acquiring an additional 40 shares during the period. Raymond James Trust N.A. purchased a new stake in Five Below during the 2nd quarter worth $205,000. Strs Ohio increased its stake in Five Below by 40.0% during the 2nd quarter. Strs Ohio now owns 4,200 shares of the specialty retailer’s stock worth $207,000 after buying an additional 1,200 shares during the period. Miles Capital Inc. purchased a new stake in Five Below during the 2nd quarter worth $210,000. Finally, Riverhead Capital Management LLC increased its stake in Five Below by 73.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,329 shares of the specialty retailer’s stock worth $214,000 after buying an additional 1,829 shares during the period.
A number of equities analysts have weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Five Below to $67.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. Jefferies Group increased their price target on shares of Five Below from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Zacks Investment Research raised shares of Five Below from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Thursday, November 30th. Deutsche Bank reaffirmed a “hold” rating and set a $54.00 price target (up previously from $53.00) on shares of Five Below in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of Five Below from a “buy” rating to a “strong-buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $60.91.
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Five Below Company Profile
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. Its product groups include leisure, fashion and home, and party and snack.
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